Cimarron, Kansas Property Taxes
The median property tax rate in Cimarron, KS is 1.58%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Cimarron, the typical annual property tax bill reaches $2,860, exceeding the national median of $2,690. Property taxes in Cimarron 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 Cimarron'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 Cimarron 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
Cimarron, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$2,788
Ownwell’s Cimarron Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Cimarron with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cimarron to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Cimarron, Kansas
Property taxes in Cimarron, Kansas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cimarron is 1.58%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Cimarron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cimarron 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 Cimarron's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67835 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Cimarron provides valuable insights into the varying tax landscape across Finney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cimarron Tax Rate
1.58%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cimarron, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67835 | 1.32% | 1.37% | 1.58% | 1.85% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Cimarron, Kansas
In Cimarron, 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 Finney 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. 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 Cimarron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cimarron, the highest median tax bill is $2,860 in the 67835 zip code, while the lowest median tax bill is also $2,860 in the same zip code.
Average Cimarron Assessed Value
$176,480
Average Finney County Assessed Value
$199,470
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cimarron, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67835 | $61,450 | $104,560 | $176,480 | $237,600 | $307,684 |
Source: Ownwell
Property Tax Bills Across Cimarron, Kansas
In Cimarron, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value determined by the county assessor. For instance, with a median home price of $176,480, the assessed value forms the basis for the tax calculation. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Cimarron can expect tax bills to vary significantly, with the 25th percentile at $1,653 and the 75th percentile reaching up to $3,939. The 90th percentile tax bill can go as high as $5,887. Comparatively, the highest and lowest median tax bills in the area are both $2,860, which provides a benchmark for understanding local tax expectations. These property taxes are crucial for funding public services, impacting homeowners by contributing to the overall cost of owning a home.
Average Cimarron Tax Bill
$2,860
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cimarron, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67835 | $879 | $1,653 | $2,860 | $3,939 | $5,887 |
Source: Ownwell