Woodbine, Kansas Property Taxes
The median property tax rate in Woodbine, KS is 1.79%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Woodbine at $56,070, the typical annual property tax bill reaches $1,029, exceeding the national median of $2,690. Property taxes in Woodbine 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 Woodbine'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 Woodbine 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
Woodbine, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Woodbine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodbine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodbine 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 Woodbine, Kansas
Property taxes in Woodbine, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodbine is 1.79%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Woodbine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodbine 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 Woodbine's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67492 zip code has the highest median property tax rate of 1.79%, while the same zip code also has the lowest median tax rate of 1.79%. Understanding how these cities compare with Woodbine 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 Woodbine Tax Rate
1.79%
Average Dickinson County Tax Rate
1.82%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodbine, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67492 | 1.53% | 1.73% | 1.79% | 1.85% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Woodbine, Kansas
In Woodbine, 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 Woodbine, 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 Woodbine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67492, with a tax bill of $1,029, while the same zip code also has the lowest median tax bill at $1,029.
Average Woodbine Assessed Value
$56,070
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 Woodbine, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67492 | $7,692 | $25,495 | $56,070 | $100,610 | $147,912 |
Source: Ownwell
Property Tax Bills Across Woodbine, Kansas
In Woodbine, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Woodbine is $56,070. Homeowners' tax bills are then determined by applying the local tax rate to this assessed value. Several factors contribute to the final tax bill, including the property's location within Dickinson County and any applicable exemptions or deductions. For example, the 25th percentile tax bill in Woodbine is $431, while the 75th percentile tax bill is $1,903. At the 90th percentile, homeowners might see a tax bill as high as $2,643. These figures indicate a range of tax burdens depending on the property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, the tax rates in Woodbine can vary significantly, impacting homeowners differently based on their property's assessed value and any qualifying exemptions. This variability underscores the importance of understanding local property tax regulations and potential relief options.
Average Woodbine Tax Bill
$1,029
Average Dickinson County Tax Bill
$2,015
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodbine, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67492 | $149 | $431 | $1,029 | $1,903 | $2,643 |
Source: Ownwell