Winfield, Kansas Property Taxes
The median property tax rate in Winfield, KS is 1.63%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $99,755 in Winfield, the typical annual property tax bill reaches $1,611, which is below the national median of $2,690. Property taxes in Winfield are calculated based on the tax assessed value, which is usually lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Winfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Winfield or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winfield, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$1,626
Ownwell’s Winfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winfield 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 Winfield, Kansas
Property taxes in Winfield, Kansas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Winfield is 1.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Winfield set these rates annually, and they can vary across different neighborhoods. Each year, Winfield 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 Winfield's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67156 has both the highest and lowest median property tax rate of 1.63%. Understanding how these cities compare with Winfield 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 Winfield Tax Rate
1.63%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67156 | 1.33% | 1.55% | 1.63% | 1.69% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Winfield, Kansas
In Winfield, Kansas, understanding the difference between "market value" and "assessed value" is essential 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 Winfield, 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 Winfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67156, with a tax bill of $1,611.
Average Winfield Assessed Value
$99,755
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 Winfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67156 | $33,997 | $59,910 | $99,755 | $173,345 | $249,079 |
Source: Ownwell
Property Tax Bills Across Winfield, Kansas
In Winfield, Cowley County, KS, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Winfield is $99,755, and the property tax rate is applied to this assessed value. The calculation involves multiplying the assessed value by the local tax rate, resulting in the annual tax bill. Homeowners in Winfield experience a range of property tax bills, from the 25th percentile at $926 to the 90th percentile at $4,064. The highest median tax bill in the area is $1,611, which is significantly lower than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Winfield residents.
Average Winfield Tax Bill
$1,611
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Winfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67156 | $528 | $926 | $1,611 | $2,763 | $4,064 |
Source: Ownwell