Centropolis, Kansas Property Taxes
The median property tax rate in Centropolis, KS is 2.20%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Centropolis at $79,730, the typical annual property tax bill reaches $1,756, which is below the national median of $2,690. Property taxes in Centropolis are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Centropolis's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Centropolis or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Centropolis, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$1,754
$1,628
Ownwell’s Centropolis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centropolis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centropolis 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 Centropolis, Kansas
Property taxes in Centropolis, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centropolis is 2.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Centropolis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centropolis 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 Centropolis's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66067 zip code has the highest median property tax rate of 2.20%, while the same zip code also has the lowest median tax rate of 2.20%. Understanding how these cities compare with Centropolis provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centropolis Tax Rate
2.20%
Average Franklin County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centropolis, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66067 | 2.20% | 2.20% | 2.20% | 2.20% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Centropolis, Kansas
In Centropolis, 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 Franklin 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 Centropolis, 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. For instance, the median home price in Centropolis is $79,730. The highest median tax bill is $1,756 in the 66067 zip code, which is also the lowest median tax bill in the area. 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 Centropolis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Centropolis Assessed Value
$79,730
Average Franklin County Assessed Value
$165,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centropolis, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66067 | $79,730 | $79,730 | $79,730 | $79,730 | $79,730 |
Source: Ownwell
Property Tax Bills Across Centropolis, Kansas
In Centropolis, Franklin County, KS, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $79,730, the assessed value would be a fraction of this market price. The tax rate is then applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. For homeowners, this means that any increase in their property’s market value could lead to a higher tax bill. In Centropolis, the median property tax bill stands at $1,756, which is significantly above the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, making it crucial for them to stay informed about potential property tax exemptions and appeal opportunities.
Average Centropolis Tax Bill
$1,756
Average Franklin County Tax Bill
$2,728
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Centropolis, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66067 | $1,756 | $1,756 | $1,756 | $1,756 | $1,756 |
Source: Ownwell