Westphalia, Kansas Property Taxes
The median property tax rate in Westphalia, KS is 1.14%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Westphalia at $101,600, the typical annual property tax bill amounts to $1,276, which is below the national median of $2,690. Property taxes in Westphalia are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Westphalia'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 Westphalia or another part of Coffey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westphalia, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,158
$1,075
Ownwell’s Westphalia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westphalia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westphalia 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 Westphalia, Kansas
Property taxes in Westphalia, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westphalia is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Westphalia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westphalia 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 Westphalia's effective property tax rate to other areas in Coffey County and the national median. For comparison, the zip code 66093 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Westphalia 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 Westphalia Tax Rate
1.14%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westphalia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66093 | 0.96% | 1.04% | 1.14% | 1.43% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Westphalia, Kansas
In Westphalia, 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 Westphalia, 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 Westphalia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1276, found in zip code 66093.
Average Westphalia Assessed Value
$101,600
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 Westphalia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66093 | $8,419 | $42,792 | $101,600 | $171,650 | $254,865 |
Source: Ownwell
Property Tax Bills Across Westphalia, Kansas
In Westphalia, Coffey County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Westphalia is $101,600. Property tax rates are applied to this assessed value to determine the annual tax bill. The median property tax rate in Kansas is slightly below the national median of 0.99%. Several factors influence the final tax bill, including property characteristics, location, and applicable exemptions. For instance, the 25th percentile tax bill is $606, while the 75th percentile reaches $2,200, indicating significant variation based on property value and exemptions. The 90th percentile tax bill is $3,485, showing that higher-valued properties incur substantially larger taxes. Homeowners in Westphalia should be aware that their property tax bills can significantly impact their annual expenses. Understanding how these bills are calculated and what factors are considered can help in planning and potentially appealing for reassessment or exemptions to reduce the financial burden.
Average Westphalia Tax Bill
$1,276
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Westphalia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66093 | $68 | $606 | $1,276 | $2,200 | $3,485 |
Source: Ownwell