Walnut, Kansas Property Taxes
The median property tax rate in Walnut, KS is 1.48%, which is notably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Walnut at $24,640, the typical annual property tax bill reaches $364, falling below the national median of $2,690. Property taxes in Walnut are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Walnut'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 Walnut 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
Walnut, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$365
Ownwell’s Walnut Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walnut with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walnut 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 Walnut, Kansas
Property taxes in Walnut, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walnut is 1.48%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Walnut set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walnut 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 Walnut's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66780 zip code has the highest median property tax rate of 1.48%, while the 66780 zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Walnut 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 Walnut Tax Rate
1.48%
Average Crawford County Tax Rate
1.56%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walnut, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66780 | 1.27% | 1.48% | 1.48% | 1.74% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Walnut, Kansas
In Walnut, 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 Walnut, 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 instance, the median home price in Walnut is $24,640, with annual tax bills ranging from $115 at the 25th percentile to $2,386 at the 90th percentile. The zip code 66780 has both the highest and lowest median tax bill at $364. Being aware of these valuation processes in Walnut helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Walnut Assessed Value
$24,640
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 Walnut, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66780 | $2,300 | $6,860 | $24,640 | $75,820 | $131,036 |
Source: Ownwell
Property Tax Bills Across Walnut, Kansas
In Walnut, Crawford 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 Walnut is $24,640. Property tax rates are applied to this assessed value to calculate the tax bill. Various factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Walnut can expect a wide range of tax bills. For instance, the 25th percentile tax bill is $115, while the 75th percentile tax bill is $1,390, and the 90th percentile tax bill reaches $2,386. Despite these variations, the highest and lowest median tax bills in the 66780 zip code are both $364.00. Compared to the national median property tax rate of 0.99%, Walnut's tax rates offer homeowners a relatively affordable property tax burden, making it an attractive location for those looking to manage their expenses effectively.
Average Walnut Tax Bill
$364
Average Crawford County Tax Bill
$1,090
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Walnut, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66780 | $42 | $115 | $364 | $1,390 | $2,386 |
Source: Ownwell