West Mineral, Kansas Property Taxes
The median property tax rate in West Mineral, KS is 1.31%, which is higher than the national median of 0.99% but below the Kansas state median of 1.43%. With the median home value in West Mineral, the typical annual property tax bill reaches $420, considerably less than the national median of $2,690. Property taxes in West Mineral are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding West Mineral'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 West Mineral 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
West Mineral, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$414
$384
Ownwell’s WEST MINERAL Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in WEST MINERAL. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in WEST MINERAL to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, localized information on neighborhood trends is available further down the page. Your property's assessed value, determined by Cherokee County, includes any applicable exemptions, ensuring a precise calculation for your tax planning needs.
Property Tax Rates Across West Mineral, Kansas
Property taxes in West Mineral, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Mineral is 1.31%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within West Mineral set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Mineral 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 West Mineral's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66782 zip code has both the highest and lowest median property tax rate of 1.31%. Understanding how these cities compare with West Mineral 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 West Mineral Tax Rate
1.31%
Average Cherokee County Tax Rate
1.39%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Mineral, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66782 | 1.31% | 1.31% | 1.31% | 1.39% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across West Mineral, Kansas
In West Mineral, 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 West Mineral, 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. The median home price in West Mineral is $31,590, with tax bills ranging from $154 at the 25th percentile to $1,094 at the 90th percentile. The highest and lowest median tax bills are both $420 in zip code 66782. 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 West Mineral helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Mineral Assessed Value
$31,590
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 West Mineral, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66782 | $4,540 | $9,300 | $31,590 | $53,338 | $78,550 |
Source: Ownwell
Property Tax Bills Across West Mineral, Kansas
Property tax bills in West Mineral, KS, located in Cherokee County, are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in West Mineral, the median home price is $31,590. Property taxes are then applied to this assessed value using the local tax rate. Several factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions. In West Mineral, the 25th percentile tax bill is $154, while the 75th percentile tax bill reaches $708. For those in the 90th percentile, the tax bill can go up to $1,094. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners anticipate their annual financial obligations and plan accordingly. Comparatively, the national median property tax rate is 0.99%, making West Mineral's tax rates relatively moderate.
Average West Mineral Tax Bill
$420
Average Cherokee County Tax Bill
$1,049
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across West Mineral, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66782 | $85 | $154 | $420 | $708 | $1,094 |
Source: Ownwell