Clay Center, Clay County, Kansas Property Taxes
The median property tax rate in Clay Center, KS is 1.93%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Clay Center at $91,375, the typical annual property tax bill reaches $798, which is significantly lower than the national median of $2,690 due to the lower home values. Property taxes in Clay Center 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 Clay Center'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 Clay Center 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
Clay Center, Clay County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$1,764
$1,637
Ownwell’s Clay Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clay Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clay Center 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 Clay Center, Clay County, Kansas
Property taxes in Clay Center, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clay Center is 1.93%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Clay Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clay Center 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 Clay Center's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67432 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Clay Center provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clay Center Tax Rate
1.93%
Average Clay County Tax Rate
1.86%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clay Center, Clay County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67432 | 1.86% | 1.88% | 1.93% | 1.95% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Clay Center, Clay County, Kansas
In Clay Center, 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 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 Clay Center, 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 Clay Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67432, at $798, while the lowest is also 67432, at $798.
Property Tax Assessment Values Across Clay Center, Clay County, Kansas
Source: Ownwell
$54,660
$95,493
$136,325
Average Clay Center Assessed Value
$91,375
Average Clay County Assessed Value
$92,400
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clay Center, Clay County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67432 | $22,400 | $47,880 | $91,375 | $154,590 | $225,825 |
Source: Ownwell
Property Tax Bills Across Clay Center, Clay County, Kansas
In Clay Center, KS, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners in Clay Center, the median home price is $91,375. Property tax rates in Clay Center are influenced by various factors, including local government budgets, school district funding, and public services. Homeowners can expect a range of property tax bills, with the 25th percentile at $651 and the 75th percentile at $888. The 90th percentile tax bill reaches up to $914. These figures indicate that while some homeowners may pay less, others could see higher tax bills based on their property's assessed value and applicable tax rates. Comparatively, the median property tax rate in Clay Center is more favorable than the national median property tax rate of 0.99%. This relatively lower tax burden can be beneficial for homeowners, potentially making homeownership more affordable in this region.
Average Clay Center Tax Bill
$798
Average Clay County Tax Bill
$611
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Clay Center, Clay County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67432 | $611 | $651 | $798 | $888 | $914 |
Source: Ownwell