Cherokee, Kansas Property Taxes
The median property tax rate in Cherokee, KS is 1.55%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Cherokee at $36,980, the typical annual property tax bill reaches $571, which is significantly lower than the national median of $2,690. Property taxes in Cherokee 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 Cherokee'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 Cherokee 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
Cherokee, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$573
$532
Ownwell’s Cherokee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cherokee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cherokee 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 Cherokee, Kansas
Property taxes in Cherokee, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cherokee is 1.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cherokee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cherokee 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 Cherokee's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66724 has both the highest and lowest median property tax rate of 1.55%. Understanding how these cities compare with Cherokee 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 Cherokee Tax Rate
1.55%
Average Crawford County Tax Rate
1.56%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cherokee, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66724 | 1.18% | 1.55% | 1.55% | 1.57% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Cherokee, Kansas
In Cherokee, 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 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 Cherokee, 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. For example, the highest median tax bill in Cherokee is $571 in the 66724 zip code, while the lowest median tax bill is also $571 in the same 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 Cherokee Assessed Value
$36,980
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 Cherokee, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66724 | $6,050 | $17,532 | $36,980 | $70,962 | $125,750 |
Source: Ownwell
Property Tax Bills Across Cherokee, Kansas
In Cherokee, KS, property tax bills are calculated using the assessed value of a home, which is a percentage of its market value. For homeowners, this process begins with the county assessor determining the market value of the property. The assessed value is then derived from this market value, typically at a rate set by state law. In Cherokee, the median home price is $36,980, and property tax rates are applied to this assessed value to determine the tax bill. The tax bill can vary significantly among homeowners. For instance, the 25th percentile tax bill is $274, while the 75th percentile tax bill is $1,068. At the higher end, the 90th percentile tax bill reaches $1,820. The highest median tax bill recorded in Cherokee is $571, which is consistent across all zip codes in the area. These taxes fund essential public services such as schools, infrastructure, and emergency services, making them a crucial aspect of homeownership in Cherokee.
Average Cherokee Tax Bill
$571
Average Crawford County Tax Bill
$1,090
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cherokee, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66724 | $94 | $274 | $571 | $1,068 | $1,820 |
Source: Ownwell