Arkansas City, Kansas Property Taxes
The median property tax rate in Arkansas City, KS is 1.75%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Arkansas City at $65,800, the typical annual property tax bill reaches $1,104, which is below the national median of $2,690. Property taxes in Arkansas City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Arkansas City'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 Arkansas City or another part of Cowley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arkansas City, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$1,152
Ownwell’s Arkansas City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Arkansas City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arkansas City to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Cowley County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Arkansas City, Kansas
Property taxes in Arkansas City, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Arkansas City is 1.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Arkansas City set these rates annually, and they can vary considerably across different neighborhoods. Each year, Arkansas City 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 Arkansas City's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67005 zip code has both the highest and lowest median property tax rate of 1.75%. Understanding how these figures compare with Arkansas City provides valuable insights into the varying tax landscape across Cowley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arkansas City Tax Rate
1.75%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arkansas City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | 1.35% | 1.64% | 1.75% | 1.84% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Arkansas City, Kansas
In Arkansas City, 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 Cowley 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 Arkansas City, 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 Arkansas City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Arkansas City is $65,800, with the highest and lowest median tax bills both at $1,104 in zip code 67005.
Average Arkansas City Assessed Value
$65,800
Average Cowley County Assessed Value
$83,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arkansas City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | $18,194 | $32,600 | $65,800 | $120,160 | $197,090 |
Source: Ownwell
Property Tax Bills Across Arkansas City, Kansas
In Arkansas City, located in Cowley County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, if the median home price in Arkansas City is $65,800, the assessed value will be a fraction of this amount. Homeowners then multiply the assessed value by the local tax rate to determine their annual tax bill. Several factors influence the final tax bill, including the property's location within specific taxing districts, any applicable exemptions, and the overall budgetary needs of local government services such as schools, public safety, and infrastructure. In Arkansas City, property tax bills can vary significantly, with the 25th percentile at $546 and the 75th percentile at $2,048. The highest median tax bill in the area is $1,104. These variations can impact homeowners differently, affecting their financial planning and the overall affordability of owning property in the region.
Average Arkansas City Tax Bill
$1,104
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Arkansas City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | $303 | $546 | $1,104 | $2,048 | $3,291 |
Source: Ownwell