Deerfield, Kansas Property Taxes
The median property tax rate in Deerfield, Kansas is 2.14%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Deerfield at $194,760, the typical annual property tax bill reaches $4,165, exceeding the national median of $2,690. Property taxes in Deerfield 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 Deerfield'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 Deerfield 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
Deerfield, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$4,168
Ownwell’s Deerfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deerfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deerfield 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 Deerfield, Kansas
Property taxes in Deerfield, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deerfield is 2.14%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Deerfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deerfield 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 Deerfield's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67838 zip code has both the highest and lowest median property tax rate of 2.14%. Understanding how these cities compare with Deerfield 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 Deerfield Tax Rate
2.14%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deerfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67838 | 1.52% | 1.75% | 2.14% | 3.02% | 3.55% |
Source: Ownwell
Property Tax Assessment Values Across Deerfield, Kansas
In Deerfield, 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. In Deerfield, 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 Deerfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Deerfield is $4165 in the 67838 zip code, while the lowest is also $4165 in the same area.
Average Deerfield Assessed Value
$194,760
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 Deerfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67838 | $110,024 | $141,800 | $194,760 | $211,530 | $221,592 |
Source: Ownwell
Property Tax Bills Across Deerfield, Kansas
In Deerfield, 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. For example, if the median home price in Deerfield is $194,760, the assessed value would be a fraction of this amount, depending on the local assessment ratio. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as location, property size, and improvements can influence the assessed value. In Deerfield, homeowners can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $2,690, while the 75th percentile reaches $6,542, and the 90th percentile can be as high as $7,968. This variability means that while some homeowners might pay less than the national median property tax rate of 0.99%, others could face higher bills, impacting their overall cost of homeownership.
Average Deerfield Tax Bill
$4,165
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Deerfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67838 | $1,805 | $2,690 | $4,165 | $6,542 | $7,968 |
Source: Ownwell