Scott City, Finney County, Kansas Property Taxes
The median property tax rate in Scott City, KS is 1.35%, slightly below the Kansas state median of 1.43% but still higher than the national median of 0.99%. With the median home value in Scott City at $149,855, the typical annual property tax bill amounts to $2,234, which is below the national median of $2,690. Property taxes in Scott City are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Scott City'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 Scott City 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
Scott City, Finney County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,023
$1,877
Ownwell’s Scott City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scott City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scott City 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 Scott City, Finney County, Kansas
Property taxes in Scott City, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scott City is 1.35%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Scott City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scott City 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 Scott City's effective property tax rate to other counties in Kansas and the national median. For comparison, the highest and lowest median property tax rates in Scott City are both 1.35%, reflecting a uniform tax landscape across the area. Understanding how these rates compare with other regions in Finney County provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scott City Tax Rate
1.35%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scott City, Finney County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67871 | 1.17% | 1.27% | 1.35% | 1.41% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Scott City, Finney County, Kansas
In Scott City, 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 Scott 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 Scott City, 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 Scott City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Scott City is $149,855, with property tax bills ranging from $930 at the 25th percentile to $5,725 at the 90th percentile.
Property Tax Assessment Values Across Scott City, Finney County, Kansas
Source: Ownwell
$125,270
$170,150
$215,030
Average Scott City Assessed Value
$149,855
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 Scott City, Finney County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67871 | $8,905 | $73,245 | $149,855 | $229,345 | $403,035 |
Source: Ownwell
Property Tax Bills Across Scott City, Finney County, Kansas
In Scott City, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Various factors such as the property's location, size, and condition influence this market value. Once the assessed value is established, local tax rates, also known as mill levies, are applied to calculate the tax bill. Homeowners in Scott City face varying property tax bills. For instance, the 25th percentile tax bill is approximately $930, while the 75th percentile tax bill can reach up to $4,320. At the 90th percentile, tax bills can be as high as $5,725. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how these taxes are calculated helps homeowners plan their finances and advocate for fair assessments.
Average Scott City Tax Bill
$2,234
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Scott City, Finney County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67871 | $104 | $930 | $2,234 | $4,320 | $5,725 |
Source: Ownwell