Junction City, Kansas Property Taxes
The median property tax rate in Junction City, KS is 1.44%, higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Junction City at $126,180, the typical annual property tax bill reaches $1,986, which is below the national median of $2,690. Property taxes in Junction City are calculated based on the assessed value, which typically falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Junction City'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 Junction City or another part of Dickinson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Junction City, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,817
Ownwell’s Junction City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Junction City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Junction City 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 Junction City, Kansas
Property taxes in Junction City, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Junction City is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Junction City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Junction City 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 Junction City's effective property tax rate to other counties in Kansas and the national median. For comparison, the ZIP code 66441 has the highest median property tax rate of 1.44%, while the ZIP code 66441 also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Junction City 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 Junction City Tax Rate
1.44%
Average Dickinson County Tax Rate
1.82%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Junction City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66441 | 1.34% | 1.40% | 1.44% | 1.66% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Junction City, Kansas
In Junction City, 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 Junction City, 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 Junction City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 66441 has both the highest and lowest median tax bill, which is $1,986.
Average Junction City Assessed Value
$126,180
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 Junction City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66441 | $26,093 | $68,570 | $126,180 | $203,468 | $254,850 |
Source: Ownwell
Property Tax Bills Across Junction City, Kansas
In Junction City, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Junction City is $126,180, and homeowners can expect varying tax bills depending on their property’s assessed value. The 25th percentile tax bill is around $1,183, while the 75th percentile tax bill reaches up to $2,976. The highest tax bills, at the 90th percentile, can go as high as $4,186. These tax bills reflect the cost of public services such as schools, infrastructure, and emergency services that benefit the community. Homeowners in Junction City with properties in the zip code 66441 will find that the median tax bill is approximately $1,986. This is higher than the national median property tax rate of 0.99%, indicating a relatively higher tax burden in this area. Understanding these factors can help homeowners budget and plan for their annual expenses.
Average Junction City Tax Bill
$1,986
Average Dickinson County Tax Bill
$2,015
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Junction City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66441 | $329 | $1,183 | $1,986 | $2,976 | $4,186 |
Source: Ownwell