Chetopa, Kansas Property Taxes
The median property tax rate in Chetopa, KS is 1.21%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Chetopa at $102,705, the typical annual property tax bill amounts to $1,294, which is below the national median of $2,690. Property taxes in Chetopa are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chetopa'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 Chetopa 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
Chetopa, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,243
$1,153
Ownwell’s Chetopa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chetopa with just two simple inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chetopa to provide an accurate estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is determined by Cherokee County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Chetopa, Kansas
Property taxes in Chetopa, Kansas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chetopa is 1.21%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Chetopa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chetopa 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 these rates are determined can help homeowners better navigate their property tax obligations. For comparison, the zip code 67336 has both the highest and lowest median property tax rate of 1.21%, showing a uniform tax landscape within Cherokee County. Understanding how these cities compare with Chetopa 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 Chetopa Tax Rate
1.21%
Average Cherokee County Tax Rate
1.39%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chetopa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67336 | 0.86% | 1.00% | 1.21% | 1.59% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Chetopa, Kansas
In Chetopa, Kansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like 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 Chetopa, 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. By understanding the distinction between 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 in Chetopa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the zip code 67336 has the highest and lowest median tax bill, both at $1,294.
Average Chetopa Assessed Value
$102,705
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 Chetopa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67336 | $20,857 | $59,355 | $102,705 | $200,770 | $263,658 |
Source: Ownwell
Property Tax Bills Across Chetopa, Kansas
In Chetopa, located in Cherokee County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price in Chetopa is $102,705, the assessed value would be a fraction of this amount, determined by local assessment rates. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Chetopa might see tax bills ranging from $727 at the 25th percentile to $3,874 at the 90th percentile, reflecting variations in property values and applicable tax rates. Compared to the national median property tax rate of 0.99%, Chetopa's rates offer a unique perspective on property taxation. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Chetopa Tax Bill
$1,294
Average Cherokee County Tax Bill
$1,049
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Chetopa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67336 | $253 | $727 | $1,294 | $2,730 | $3,874 |
Source: Ownwell