Pomona, Kansas Property Taxes
The median property tax rate in Pomona, KS is 1.41%, 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 Pomona at $169,420, the typical annual property tax bill reaches $2,772, surpassing the national median of $2,690. Property taxes in Pomona are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pomona'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 Pomona 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
Pomona, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$2,389
Ownwell’s Pomona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pomona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pomona 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 Pomona, Kansas
Property taxes in Pomona, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pomona is 1.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pomona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pomona 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 Pomona's effective property tax rate to other areas in Franklin County and the national median. For comparison, the zip code 66076 has both the highest and the lowest median property tax rate of 1.41%. Understanding how these cities compare with Pomona 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 Pomona Tax Rate
1.41%
Average Franklin County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pomona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66076 | 1.30% | 1.33% | 1.41% | 1.58% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Pomona, Kansas
In Pomona, 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 Pomona, 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 Pomona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in the 66076 zip code, amounting to $2,772 annually.
Average Pomona Assessed Value
$169,420
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 Pomona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66076 | $45,070 | $103,605 | $169,420 | $231,190 | $311,870 |
Source: Ownwell
Property Tax Bills Across Pomona, Kansas
In Pomona, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the property's market value. For instance, if a home in Pomona has a market value of $169,420, the assessed value will be a fraction of this amount, as determined by state and local regulations. The tax rate, applied to the assessed value, is influenced by the budget needs of local government services, such as schools and public safety. Homeowners in Pomona can expect a wide range of property tax bills. For example, the 25th percentile tax bill is around $1,756, while the 75th percentile reaches $3,679, and the 90th percentile can be as high as $4,675. This variation means that property taxes can significantly impact household budgets, depending on the home's assessed value and the local tax rate. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for evaluating local tax obligations.
Average Pomona Tax Bill
$2,772
Average Franklin County Tax Bill
$2,728
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Pomona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66076 | $832 | $1,756 | $2,772 | $3,679 | $4,675 |
Source: Ownwell