Rock, Kansas Property Taxes
The median property tax rate in ROCK, KS is 1.60%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in ROCK, the typical annual property tax bill reaches $1,790, which is below the national median of $2,690. Property taxes in ROCK 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 ROCK'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 ROCK 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
Rock, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,558
Ownwell’s ROCK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROCK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROCK 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 Rock, Kansas
Property taxes in Rock, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock 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 Rock's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67131 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Rock 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 Rock Tax Rate
1.60%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67131 | 1.24% | 1.35% | 1.60% | 1.92% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Rock, Kansas
In ROCK, 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 ROCK, 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 ROCK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in ROCK is $1,790 in the zip code 67131, while the lowest is also $1,790 in the same zip code.
Average Rock Assessed Value
$97,390
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 Rock, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67131 | $21,496 | $40,455 | $97,390 | $178,895 | $257,962 |
Source: Ownwell
Property Tax Bills Across Rock, Kansas
In Rock, Kansas, property tax bills are determined by assessing the market value of a home and applying the local property tax rate. The median home price in Rock is $97,390. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $608 and the 75th percentile reaching $3,168. The 90th percentile tax bill can go up to $4,615, indicating that higher-value properties incur substantially more taxes. The property tax rate in Rock is influenced by various factors, including local government budgets, school district funding, and public services. This rate is applied to the assessed value of the property to calculate the annual tax bill. For homeowners, understanding these factors is crucial as property taxes can impact overall housing affordability. Compared to the national median property tax rate of 0.99%, Rock's rates reflect the local economic conditions and funding requirements, making it essential for homeowners to stay informed about potential changes.
Average Rock Tax Bill
$1,790
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67131 | $321 | $608 | $1,790 | $3,168 | $4,615 |
Source: Ownwell