Industry, Kansas Property Taxes
The median property tax rate in INDUSTRY, KS is 1.80%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in INDUSTRY, the typical annual property tax bill reaches $83, which is significantly lower than the national median of $2,690. Property taxes in INDUSTRY 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 INDUSTRY'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 INDUSTRY 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
Industry, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$83
$77
Ownwell’s INDUSTRY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INDUSTRY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INDUSTRY 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 Industry, Kansas
Property taxes in INDUSTRY, Kansas, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in INDUSTRY stands at 1.80%, which is significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within INDUSTRY set these rates annually, and they can vary significantly across different neighborhoods. Each year, INDUSTRY estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 INDUSTRY's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67410 has both the highest and lowest median property tax rate of 1.80%. Understanding how these cities compare with INDUSTRY provides valuable insights into the varying tax landscape across Dickinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Industry Tax Rate
1.80%
Average Dickinson County Tax Rate
1.82%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Industry, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67410 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Industry, Kansas
In INDUSTRY, 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 Dickinson 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 INDUSTRY, 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 INDUSTRY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are both 83, highlighting the uniformity in tax assessments within the county.
Average Industry Assessed Value
$4,620
Average Dickinson County Assessed Value
$105,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Industry, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67410 | $4,620 | $4,620 | $4,620 | $4,620 | $4,620 |
Source: Ownwell
Property Tax Bills Across Industry, Kansas
In INDUSTRY, located in Dickinson County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For instance, the median home price in INDUSTRY stands at $4,620. Homeowners in the 25th, 75th, and 90th percentiles all face a tax bill of $83, suggesting a relatively uniform tax burden across different property valuations. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. These elements combined determine how much a homeowner will pay annually. Compared to the national median property tax rate of 0.99%, the tax rate in INDUSTRY appears to be significantly lower, which can be financially beneficial for homeowners. This lower tax burden can make homeownership more affordable, potentially increasing the attractiveness of the area for prospective buyers.
Average Industry Tax Bill
$83
Average Dickinson County Tax Bill
$2,015
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Industry, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67410 | $83 | $83 | $83 | $83 | $83 |
Source: Ownwell