Arma, Kansas Property Taxes
The median property tax rate in Arma, KS is 1.21%, which is higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Arma, the typical annual property tax bill reaches $738, falling below the national median of $2,690. Property taxes in Arma 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 Arma'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 Arma 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
Arma, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$732
$679
Ownwell’s ARMA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ARMA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ARMA 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 Arma, Kansas
Property taxes in Arma, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arma is 1.21%, which is higher than the U.S. national median of 0.99%. Local government entities within Arma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arma 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 Arma's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66712 zip code has the highest median property tax rate of 1.21%, while the 66712 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Arma provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arma Tax Rate
1.21%
Average Crawford County Tax Rate
1.56%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arma, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66712 | 1.08% | 1.19% | 1.21% | 1.29% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Arma, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Arma, 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 Crawford 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 Arma, 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. The median home price in Arma is $60,500, with tax bills ranging from $368 at the 25th percentile to $1,248 at the 75th percentile, and up to $1,899 at the 90th percentile. The highest and lowest median tax bill in Arma is $738, located in the 66712 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arma Assessed Value
$60,500
Average Crawford County Assessed Value
$71,000
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arma, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66712 | $14,552 | $32,900 | $60,500 | $97,670 | $145,120 |
Source: Ownwell
Property Tax Bills Across Arma, Kansas
Property tax bills in Arma, located in Crawford County, KS, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Arma is $60,500. Local tax authorities then apply the property tax rate to this assessed value to determine the annual tax bill. In Arma, the property tax rate is influenced by various factors, including local government budgets, school district needs, and infrastructure projects. Homeowners in Arma can expect a range of tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $368, while at the 75th percentile, it rises to $1,248. The highest median tax bill recorded is $738, consistent across the zip code 66712. This variability means that while some homeowners may find their tax bills manageable, others may face more significant financial obligations. Compared to the national median property tax rate of 0.99%, Arma's rates reflect the unique economic and administrative needs of Crawford County.
Average Arma Tax Bill
$738
Average Crawford County Tax Bill
$1,090
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Arma, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66712 | $171 | $368 | $738 | $1,248 | $1,899 |
Source: Ownwell