Silverdale, Kansas Property Taxes
The median property tax rate in Silverdale, Kansas is 2.35%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Silverdale, the typical annual property tax bill reaches $75, which is significantly lower than the national median of $2,690. Property taxes in Silverdale are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Silverdale'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 Silverdale 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
Silverdale, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$80
Ownwell's Silverdale Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Silverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Silverdale 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 Silverdale, Kansas
Property taxes in Silverdale, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Silverdale stands at 2.35%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Silverdale set these rates annually, and they can vary notably across different neighborhoods. Each year, Silverdale 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 Silverdale's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 67005 has the highest median property tax rate of 2.35%, while the same zip code also has the lowest median tax rate of 2.35%. Understanding how these areas compare with Silverdale 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 Silverdale Tax Rate
2.35%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silverdale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | 1.60% | 1.88% | 2.35% | 2.81% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Silverdale, Kansas
In Silverdale, 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 Silverdale, 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 Silverdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Silverdale is $3,390, with tax bills ranging from $65 at the 25th percentile to $90 at the 90th percentile.
Average Silverdale Assessed Value
$3,390
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 Silverdale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | $2,982 | $3,135 | $3,390 | $3,645 | $3,798 |
Source: Ownwell
Property Tax Bills Across Silverdale, Kansas
In Silverdale, located in Cowley County, KS, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this percentage can vary by property type and local regulations. Once the assessed value is established, local tax rates, known as mill levies, are applied. These rates are set by various taxing authorities, including the city, county, and school districts. For homeowners in Silverdale, the median home price is $3,390, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $65, while at the 75th percentile, it is $85, and at the 90th percentile, it reaches $90. Compared to the national median property tax rate of 0.99%, Silverdale's rates are relatively modest. These property taxes fund essential services such as public education, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Silverdale Tax Bill
$75
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Silverdale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67005 | $59 | $65 | $75 | $85 | $90 |
Source: Ownwell