Oswego, Kansas Property Taxes
The median property tax rate in Oswego, KS is 0.90%, which is lower than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $22,610 in Oswego, the typical annual property tax bill amounts to $255, significantly below the national median of $2,690. Property taxes in Oswego are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Oswego's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Oswego or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oswego, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$203
Ownwell’s Oswego Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oswego with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oswego 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 Oswego, Kansas
Property taxes in Oswego, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oswego is 1.06%, significantly higher than both the Kansas state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Oswego set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oswego 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. The data below compares Oswego's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67356 zip code has the highest median property tax rate of 1.06%, while the 67356 zip code has the lowest median tax rate of 1.06%. Understanding how these areas compare with Oswego 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 Oswego Tax Rate
0.90%
Average Cherokee County Tax Rate
1.39%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oswego, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67356 | 0.80% | 0.80% | 0.90% | 1.25% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Oswego, Kansas
In Oswego, 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 Cherokee County 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 Oswego, 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 Oswego helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 67356 zip code, the median tax bill is $255, reflecting the highest and lowest median tax bills in the area.
Average Oswego Assessed Value
$22,610
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 Oswego, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67356 | $3,240 | $14,350 | $22,610 | $55,480 | $108,072 |
Source: Ownwell
Property Tax Bills Across Oswego, Kansas
In Oswego, Kansas, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. For instance, if the median home price in Oswego is $22,610, the assessor's office will apply the appropriate assessment rate to determine the taxable value. The tax bill is then calculated by applying the local tax rate to this assessed value. Factors such as property location, size, and any applicable exemptions or deductions can influence the final tax bill. In Oswego, the tax bill at the 25th percentile is $124, while at the 75th percentile, it reaches $527. For the top 10% of properties, the tax bill can go up to $1,304. Compared to the national median property tax rate of 0.99%, Oswego's property taxes are relatively modest, which can be advantageous for homeowners looking for affordable living options with manageable tax obligations.
Average Oswego Tax Bill
$255
Average Cherokee County Tax Bill
$1,049
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Oswego, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67356 | $33 | $124 | $255 | $527 | $1,304 |
Source: Ownwell