Cherokee, Kansas Property Taxes
The median property tax rate in Cherokee, KS is 1.01%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $147,035 in Cherokee, the typical annual property tax bill amounts to $1,547, which is below the national median of $2,690. Property taxes in Cherokee are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cherokee's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cherokee or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cherokee, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,485
$1,378
Ownwell’s Cherokee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cherokee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cherokee to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cherokee, Kansas
Property taxes in Cherokee, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cherokee is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Cherokee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cherokee estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. Understanding how Cherokee's effective property tax rate compares with other regions provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cherokee Tax Rate
1.01%
Average Cherokee County Tax Rate
1.39%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cherokee, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66724 | 0.89% | 0.96% | 1.01% | 1.26% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Cherokee, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cherokee, Kansas. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cherokee, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median home price in Cherokee is $147,035. Tax bills can vary significantly, with the 25th percentile at $939 and the 75th percentile at $2,231, reaching up to $3,027 at the 90th percentile. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cherokee Assessed Value
$147,035
Average Cherokee County Assessed Value
$77,000
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cherokee, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66724 | $39,109 | $77,332 | $147,035 | $182,445 | $258,980 |
Source: Ownwell
Property Tax Bills Across Cherokee, Kansas
In Cherokee, KS, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in Cherokee is $147,035. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $939, and the 75th percentile reaching up to $2,231. At the higher end, the 90th percentile tax bill can climb to $3,027. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and applicable exemptions. The highest median tax bill in Cherokee is $1,547, found in the zip code 66724, which also represents the lowest median tax bill in the area. Compared to the national median property tax rate of 0.99%, Cherokee's tax rates can be more or less favorable depending on the specific property and local regulations. For homeowners, understanding these factors is crucial to anticipating their annual property tax obligations and managing their finances effectively.
Average Cherokee Tax Bill
$1,547
Average Cherokee County Tax Bill
$1,049
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cherokee, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66724 | $393 | $939 | $1,547 | $2,231 | $3,027 |
Source: Ownwell