Mulvane, Kansas Property Taxes
The median property tax rate in Mulvane, KS is 1.51%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Mulvane at $200,980, the typical annual property tax bill reaches $3,307, exceeding the national median of $2,690. Property taxes in Mulvane 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 Mulvane'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 Mulvane 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
Mulvane, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$3,035
Ownwell’s Mulvane Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mulvane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mulvane 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 Mulvane, Kansas
Property taxes in Mulvane, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mulvane is 1.51%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Mulvane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mulvane 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 Mulvane's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67110 zip code has the highest median property tax rate of 1.51%, while the 67110 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Mulvane 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 Mulvane Tax Rate
1.51%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mulvane, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67110 | 1.47% | 1.49% | 1.51% | 1.71% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Mulvane, Kansas
In Mulvane, 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 Mulvane, 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 Mulvane 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 $3,307 in the 67110 zip code.
Average Mulvane Assessed Value
$200,980
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 Mulvane, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67110 | $91,767 | $161,218 | $200,980 | $265,158 | $355,749 |
Source: Ownwell
Property Tax Bills Across Mulvane, Kansas
In Mulvane, 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 home's market value. Homeowners in Mulvane can expect their property tax bills to vary significantly, with the 25th percentile at $2,558 and the 75th percentile reaching $5,047. The highest median tax bill in the area is $3,307, found in the 67110 zip code, which also represents the lowest median tax bill. Factors influencing the property tax bill include the home's market value, local tax rates, and any applicable exemptions. These taxes fund essential services such as public schools, infrastructure, and emergency services. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual household expenses. Compared to the national median property tax rate of 0.99%, Mulvane's rates and tax bills reflect the local economic conditions and funding requirements.
Average Mulvane Tax Bill
$3,307
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Mulvane, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67110 | $1,286 | $2,558 | $3,307 | $5,047 | $5,629 |
Source: Ownwell