Pierceville, Kansas Property Taxes
The median property tax rate in Pierceville, KS is 1.34%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With a median home value of $125,270 in Pierceville, the typical annual property tax bill amounts to $1,782, which is below the national median of $2,690. Property taxes in Pierceville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pierceville'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 Pierceville 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
Pierceville, 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 Pierceville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pierceville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pierceville 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 Pierceville, Kansas
Property taxes in Pierceville, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierceville is 1.34%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pierceville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pierceville 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 Pierceville's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67868 has both the highest and lowest median property tax rate of 1.34%. Understanding how these cities compare with Pierceville 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 Pierceville Tax Rate
1.34%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierceville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67868 | 1.18% | 1.23% | 1.34% | 1.38% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Pierceville, Kansas
In Pierceville, 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 Pierceville, 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 Pierceville 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 67868, with a value of $1,782, while the lowest median tax bill is also found in zip code 67868, at $1,782.
Average Pierceville Assessed Value
$125,270
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 Pierceville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67868 | $7,628 | $54,380 | $125,270 | $233,460 | $348,160 |
Source: Ownwell
Property Tax Bills Across Pierceville, Kansas
In Pierceville, Finney County, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The county assessor determines the market value, and then the assessed value is calculated, typically as a percentage of the market value. For instance, with a median home price of $125,270, the assessed value would be a fraction of this amount, depending on the state's assessment rate. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. Homeowners in Pierceville can expect significant variability in their tax bills. For example, the tax bill at the 25th percentile is $656, while at the 75th percentile, it rises to $3,417. At the 90th percentile, it can reach as high as $6,038. These variations reflect differences in property values and applicable exemptions or deductions. Understanding these factors is crucial for homeowners, as property taxes can significantly impact their annual expenses. Comparing Pierceville's tax rates to the national median property tax rate of 0.99% can provide additional context for these figures.
Average Pierceville Tax Bill
$1,782
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierceville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67868 | $86 | $656 | $1,782 | $3,417 | $6,038 |
Source: Ownwell