Reading, Kansas Property Taxes
The median property tax rate in Reading, KS is 1.48%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Reading at $298,995, the typical annual property tax bill reaches $4,421, exceeding the national median of $2,690. Property taxes in Reading 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 Reading'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 Reading 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
Reading, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$4,425
$4,106
Ownwell’s Reading Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reading with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reading 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 Reading, Kansas
Property taxes in Reading, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reading is 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Reading set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reading 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 Reading's effective property tax rate to other areas in Kansas and the national median. For comparison, the 66868 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these areas compare with Reading provides valuable insights into the varying tax landscape across Coffey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reading Tax Rate
1.48%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reading, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66868 | 1.19% | 1.30% | 1.48% | 1.66% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Reading, Kansas
In Reading, 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 Coffey 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 Reading, 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 zip code 66868 has the highest median tax bill at $4,421, which is also the lowest median tax bill in the area. 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 Reading helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reading Assessed Value
$298,995
Average Coffey County Assessed Value
$92,950
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reading, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66868 | $297,631 | $298,142 | $298,995 | $299,848 | $300,359 |
Source: Ownwell
Property Tax Bills Across Reading, Kansas
In Reading, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $298,995, the assessed value is determined by local assessment practices. The tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the property's location within Coffey County and any applicable exemptions or deductions. Homeowners in Reading can expect tax bills to vary, with the 25th percentile at $3,882 and the 75th percentile at $4,959. At the 90th percentile, tax bills can reach up to $5,282. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, the rates in Reading can be considered relatively competitive, providing homeowners with valuable community services in return for their contributions.
Average Reading Tax Bill
$4,421
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Reading, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66868 | $3,559 | $3,882 | $4,421 | $4,959 | $5,282 |
Source: Ownwell