Parkerfield, Kansas Property Taxes
The median property tax rate in Parkerfield, KS is 1.43%, aligning with the state median and significantly higher than the national median of 0.99%. With a median home value in Parkerfield of $199,690, the typical annual property tax bill reaches $2,756, slightly surpassing the national median of $2,690. Property taxes in Parkerfield are based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Parkerfield'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 Parkerfield 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
Parkerfield, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Parkerfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parkerfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parkerfield 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 Parkerfield, Kansas
Property taxes in Parkerfield, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parkerfield is 1.43%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Parkerfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parkerfield 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 Parkerfield's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67005 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Parkerfield 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 Parkerfield Tax Rate
1.43%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parkerfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | 1.27% | 1.39% | 1.43% | 1.44% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Parkerfield, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Parkerfield, Kansas. 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 Parkerfield, 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 Parkerfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Parkerfield are both $2,756, found in the 67005 zip code.
Average Parkerfield Assessed Value
$199,690
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 Parkerfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | $70,282 | $136,385 | $199,690 | $263,010 | $340,616 |
Source: Ownwell
Property Tax Bills Across Parkerfield, Kansas
In Parkerfield, located in Cowley County, KS, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The median home price in Parkerfield is $199,690. Property tax rates in this region are influenced by various factors, including local government budgets, school funding, and public service needs. Homeowners in Parkerfield experience a range of tax bills, with the 25th percentile paying approximately $1,978, while those in the 75th percentile face bills around $3,710. At the higher end, the 90th percentile sees tax bills up to $4,802. Compared to the national median property tax rate of 0.99%, Parkerfield's property tax rates can be considered moderate. These taxes directly impact homeowners by contributing to the funding of essential services such as education, infrastructure, and emergency services. The stability and quality of these services are often reflected in property values, making property taxes a crucial component of homeownership in Parkerfield.
Average Parkerfield Tax Bill
$2,756
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Parkerfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | $964 | $1,978 | $2,756 | $3,710 | $4,802 |
Source: Ownwell