Ottawa, Kansas Property Taxes
The median property tax rate in Ottawa, KS is 1.79%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Ottawa, the typical annual property tax bill reaches $2,721, exceeding the national median of $2,690. Property taxes in Ottawa 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 Ottawa'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 Ottawa 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
Ottawa, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$2,889
Ownwell’s Ottawa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ottawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ottawa 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 Ottawa, Kansas
Property taxes in Ottawa, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ottawa is 1.79%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Ottawa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ottawa 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 Ottawa's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66067 has the highest median property tax rate of 1.79%, while the same zip code also has the lowest median tax rate of 1.79%. Understanding how these figures compare with Ottawa 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 Ottawa Tax Rate
1.79%
Average Franklin County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ottawa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66067 | 1.37% | 1.68% | 1.79% | 1.82% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Ottawa, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ottawa, Franklin County, Kansas. 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 local 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 Ottawa, 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 Ottawa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Ottawa are both $2,721, found in the zip code 66067.
Average Ottawa Assessed Value
$161,400
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 Ottawa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66067 | $67,100 | $103,020 | $161,400 | $228,020 | $313,300 |
Source: Ownwell
Property Tax Bills Across Ottawa, Kansas
In Ottawa, property tax bills are calculated based on the assessed value of the home. The county assessor determines this value, which is then multiplied by the local tax rate to calculate the tax bill. For Ottawa, located in Franklin County, the median home price is $161,400. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $1,769 and the 75th percentile reaching $3,842. At the 90th percentile, tax bills can soar to $5,053. Several factors influence these variations, including property size, location, and any applicable exemptions. Homeowners in the zip code 66067 experience the highest median tax bill at $2,721, which is above the national median property tax rate of 0.99%. These property taxes fund essential services like schools, infrastructure, and public safety, directly impacting the community's quality of life. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations.
Average Ottawa Tax Bill
$2,721
Average Franklin County Tax Bill
$2,728
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Ottawa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66067 | $1,127 | $1,769 | $2,721 | $3,842 | $5,053 |
Source: Ownwell