Williamsburg, Kansas Property Taxes
The median property tax rate in Williamsburg, KS is 1.06%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $87,135 in Williamsburg, the typical annual property tax bill amounts to $912, which is below the national median of $2,690. Property taxes in Williamsburg are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Williamsburg'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 Williamsburg or another part of Coffey County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Williamsburg, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$924
Ownwell’s Williamsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsburg 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 Williamsburg, Kansas
Property taxes in Williamsburg, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsburg is 1.06%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Williamsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsburg 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 Williamsburg's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66095 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Williamsburg 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 Williamsburg Tax Rate
1.06%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66095 | 1.03% | 1.04% | 1.06% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Williamsburg, Kansas
In Williamsburg, 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 Williamsburg, 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 median home price in Williamsburg is $87,135, with the 25th percentile tax bill at $723 and the 75th percentile tax bill at $1,100. The highest median tax bill, found in zip code 66095, is $912. 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 Williamsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Williamsburg Assessed Value
$87,135
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 Williamsburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66095 | $56,235 | $67,822 | $87,135 | $106,448 | $118,035 |
Source: Ownwell
Property Tax Bills Across Williamsburg, Kansas
In Williamsburg, Coffey County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Williamsburg is $87,135, and the assessed value is determined by local assessors. Once the assessed value is established, the local tax rate, which may vary annually, is applied to calculate the property tax bill. Several factors influence the assessed value, including the home's size, age, location, and condition. Homeowners in Williamsburg typically see property tax bills ranging from $723 at the 25th percentile to $1,100 at the 75th percentile, with the 90th percentile reaching up to $1,214. This variation can significantly impact homeowners, as higher property taxes can affect overall affordability and monthly budgeting. Compared to the national median property tax rate of 0.99%, Williamsburg's property tax rates reflect the local economic conditions and funding requirements for public services. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Williamsburg Tax Bill
$912
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66095 | $609 | $723 | $912 | $1,100 | $1,214 |
Source: Ownwell