Tecumseh, Kansas Property Taxes
The median property tax rate in Tecumseh, KS is 1.32%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $280,290, the typical annual property tax bill in Tecumseh reaches $3,695, significantly exceeding the national median of $2,690. Property taxes in Tecumseh are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Tecumseh'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 Tecumseh 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
Tecumseh, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$3,700
$3,433
Ownwell’s Tecumseh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tecumseh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tecumseh 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 Tecumseh, Kansas
Property taxes in Tecumseh, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tecumseh is 1.32%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Tecumseh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tecumseh 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 Tecumseh's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66542 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Tecumseh provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tecumseh Tax Rate
1.32%
Average Douglas County Tax Rate
1.47%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tecumseh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66542 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Tecumseh, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tecumseh, Kansas. 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 Douglas 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 Tecumseh, 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 Tecumseh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,695, found in the 66542 zip code.
Average Tecumseh Assessed Value
$280,290
Average Douglas County Assessed Value
$271,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tecumseh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66542 | $280,290 | $280,290 | $280,290 | $280,290 | $280,290 |
Source: Ownwell
Property Tax Bills Across Tecumseh, Kansas
In Tecumseh, Kansas, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. Homeowners in Tecumseh can expect their property tax bills to be influenced by several factors, including the local tax rate and any applicable exemptions or deductions. The median home price in Tecumseh is $280,290. With a median tax bill of $3,695, homeowners in this area face a property tax rate that is notably higher than the national median property tax rate of 0.99%. This higher tax rate can significantly impact homeowners by increasing their annual financial obligations. For those at the 25th, 75th, and 90th percentiles, the tax bill remains consistent at $3,695, indicating a uniform tax rate across different property values within the city. This uniformity can simplify budgeting for homeowners but may also mean fewer opportunities for lower tax bills based on property value variations.
Average Tecumseh Tax Bill
$3,695
Average Douglas County Tax Bill
$4,065
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Tecumseh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66542 | $3,695 | $3,695 | $3,695 | $3,695 | $3,695 |
Source: Ownwell