Kalvesta, Kansas Property Taxes
The median property tax rate in Kalvesta, KS is 1.19%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Kalvesta, the typical annual property tax bill amounts to $198, which is significantly below the national median of $2,690. Property taxes in Kalvesta are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kalvesta'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 Kalvesta 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
Kalvesta, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$197
Ownwell’s Kalvesta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kalvesta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kalvesta 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 Kalvesta, Kansas
Property taxes in Kalvesta, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kalvesta is 1.19%, higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Kalvesta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kalvesta 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 Kalvesta's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67835 zip code has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with Kalvesta 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 Kalvesta Tax Rate
1.19%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kalvesta, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67835 | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Kalvesta, Kansas
In Kalvesta, 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 Kalvesta, 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 Kalvesta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67835 has both the highest and lowest median tax bills, standing at $198.
Average Kalvesta Assessed Value
$16,570
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 Kalvesta, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67835 | $7,890 | $11,145 | $16,570 | $21,995 | $25,250 |
Source: Ownwell
Property Tax Bills Across Kalvesta, Kansas
In Kalvesta, located in Finney County, KS, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the tax bill. For example, with a median home price of $16,570, the property tax bill varies across different percentiles. Homeowners in the 25th percentile pay around $133, while those in the 75th percentile pay about $263. At the 90th percentile, the tax bill can go up to $302. These figures indicate that property taxes in Kalvesta are relatively low compared to the national median property tax rate of 0.99%. This lower tax burden can be advantageous for homeowners, making housing more affordable and potentially increasing disposable income. However, it’s important for homeowners to stay informed about changes in assessed values and tax rates, as these can directly impact their annual tax bills.
Average Kalvesta Tax Bill
$198
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Kalvesta, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67835 | $94 | $133 | $198 | $263 | $302 |
Source: Ownwell