Quenemo, Kansas Property Taxes
The median property tax rate in Quenemo, KS is 1.35%, which is considerably higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With the median home value in Quenemo at $167,120, the typical annual property tax bill reaches $2,145, falling short of the national median of $2,690. Property taxes in Quenemo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Quenemo'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 Quenemo 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
Quenemo, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,256
Ownwell’s Quenemo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quenemo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quenemo 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 Quenemo, Kansas
Property taxes in Quenemo, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quenemo is 1.35%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Quenemo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quenemo 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 Quenemo's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66528 has both the highest and lowest median property tax rates at 1.35%. Understanding how these cities compare with Quenemo 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 Quenemo Tax Rate
1.35%
Average Franklin County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quenemo, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66528 | 1.21% | 1.30% | 1.35% | 1.44% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Quenemo, Kansas
In Quenemo, 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 Quenemo, 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 Quenemo 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 66528, with a median bill of $2145.00, which is also the lowest median tax bill in the area.
Average Quenemo Assessed Value
$167,120
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 Quenemo, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66528 | $62,910 | $99,158 | $167,120 | $216,552 | $264,385 |
Source: Ownwell
Property Tax Bills Across Quenemo, Kansas
In Quenemo, located in Franklin County, KS, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $167,120, homeowners can expect their property tax bill to vary significantly. At the 25th percentile, the tax bill is around $1,246, while at the 75th percentile, it rises to $2,909, and at the 90th percentile, it reaches approximately $3,551. These figures indicate that property tax bills in Quenemo can be quite varied, reflecting differences in home values and specific assessment rates. Compared to the national median property tax rate of 0.99%, Quenemo's property tax landscape shows a range that can impact homeowners differently based on the value of their property. Higher-valued homes will naturally incur higher tax bills, influencing overall housing affordability and financial planning for residents.
Average Quenemo Tax Bill
$2,145
Average Franklin County Tax Bill
$2,728
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Quenemo, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66528 | $781 | $1,246 | $2,145 | $2,909 | $3,551 |
Source: Ownwell