Clyde, Kansas Property Taxes
The median property tax rate in Clyde, KS is 1.64%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Clyde, the typical annual property tax bill reaches $1,148, exceeding the national median of $2,690. Property taxes in Clyde 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 Clyde'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 Clyde 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
Clyde, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$1,157
$1,073
Ownwell’s Clyde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clyde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clyde 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 Clyde, Kansas
Property taxes in Clyde, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clyde is 1.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Clyde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clyde 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 cities compare with Clyde provides valuable insights into the varying tax landscape across Cloud County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clyde Tax Rate
1.64%
Average Cloud County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clyde, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66938 | 1.38% | 1.51% | 1.64% | 1.79% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Clyde, Kansas
In Clyde, 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 Cloud 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 Clyde, 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. Clyde's median home price is $70,530, with tax bills ranging from $538 at the 25th percentile to $3,511 at the 90th percentile. The zip code 66938 has the highest and lowest median tax bill at $1,148. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clyde Assessed Value
$70,530
Average Cloud County Assessed Value
$69,310
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clyde, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66938 | $12,842 | $35,970 | $70,530 | $118,100 | $191,860 |
Source: Ownwell
Property Tax Bills Across Clyde, Kansas
In Clyde, Kansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, the median home price in Clyde is $70,530. Tax rates in Clyde are influenced by local government budgets and the needs of the community, which can vary widely. The property tax bill can range significantly; the 25th percentile tax bill is around $538, while the 75th percentile tax bill reaches $2,063, and the 90th percentile can be as high as $3,511. Factors such as property size, location, and improvements can affect the assessed value, and consequently, the tax bill. Homeowners in Clyde should be aware that their property tax bill can impact their overall housing costs significantly. Compared to the national median property tax rate of 0.99%, Clyde's property tax rates can be seen as relatively moderate, but they still represent a considerable expense for homeowners. Understanding how these taxes are calculated can help residents better plan their finances.
Average Clyde Tax Bill
$1,148
Average Cloud County Tax Bill
$1,191
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Clyde, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66938 | $228 | $538 | $1,148 | $2,063 | $3,511 |
Source: Ownwell