Jamestown, Kansas Property Taxes
The median property tax rate in Jamestown, KS is 1.80%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Jamestown at $40,500, the typical annual property tax bill reaches $694, exceeding the national median of $2,690. Property taxes in Jamestown 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 Jamestown'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 Jamestown 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
Jamestown, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$729
Ownwell’s Jamestown Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Jamestown, Kansas
Property taxes in Jamestown, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 1.80%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66948 zip code has the highest median property tax rate of 1.80%, while the 66948 zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Jamestown 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 Jamestown Tax Rate
1.80%
Average Cloud County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66948 | 1.43% | 1.60% | 1.80% | 2.07% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, Kansas
In Jamestown, 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 Jamestown, 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. In Cloud County, the zip code with the highest median tax bill is 66948, with a tax bill of $694. By being aware of these valuation processes in Jamestown, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jamestown Assessed Value
$40,500
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 Jamestown, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66948 | $4,060 | $14,625 | $40,500 | $96,035 | $178,140 |
Source: Ownwell
Property Tax Bills Across Jamestown, Kansas
In Jamestown, located in Cloud County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $40,500, the assessed value is used to calculate the property tax bill. The tax rate in Jamestown is influenced by various factors, including county budgets, local school funding, and public services. Homeowners in Jamestown can expect a range of property tax bills, with the 25th percentile at $266 and the 75th percentile reaching $1,828. At the higher end, the 90th percentile tax bill can go up to $3,722. Despite these variations, the highest median tax bill recorded in the area is $694, which is relatively modest compared to the national median property tax rate of 0.99%. These property tax bills significantly impact homeowners, influencing their annual expenses and potentially affecting their financial planning and homeownership decisions.
Average Jamestown Tax Bill
$694
Average Cloud County Tax Bill
$1,191
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66948 | $80 | $266 | $694 | $1,828 | $3,722 |
Source: Ownwell