Richmond, Franklin County, Kansas Property Taxes

Name: Property Tax Bills Across Richmond, Franklin County, Kansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Richmond, Kansas effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, but lower than the Kansas state median of 1.43%.
Median Richmond, Kansas home value: $127,360
Median annual Richmond, Kansas tax bill: $1,983, $417 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in Richmond, Kansas are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Richmond’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richmond, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Richmond, Franklin County, Kansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.75%

Estimate Property Tax Bill

$2,229

$2,068

Ownwell’s Richmond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Richmond with just two data points. By entering your property's estimated assessed value, our calculator applies Richmond’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Richmond, Franklin County, Kansas

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Richmond’s effective property tax rate to other cities in Kansas and the median property tax rates in Kansas and the U.S. Richmond, located in Franklin County, has a median property tax rate of 1.75%, which is notably higher than the national median of 1.02%. This places Richmond among the higher property tax areas within Kansas. For homeowners, this means potentially higher property tax bills compared to the national median. Understanding these rates can help property owners in Richmond better plan their expenses and explore potential appeals or exemptions to manage their tax liabilities effectively.

Property Tax Rates Across Richmond, Franklin County, Kansas

Source: Ownwell

1.28%

1.57%

1.86%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Richmond Taxx Rate

1.75%

Median Effective Franklin County Taxx Rate

1.76%

Median Effective Kansas Tax Rate

1.43%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Richmond, Franklin County, Kansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
66080	1.25%	1.32%	1.75%	1.87%	1.91%

Source: Ownwell

Property Tax Assessment Values Across Richmond, Franklin County, Kansas

When examining property taxes in Richmond, Kansas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Richmond.

For example, the median home price in Richmond is $127,360, with tax bills ranging significantly across the county. Zip code 66080 has the highest median home price at $127,360.

Property Tax Assessment Values Across Richmond, Franklin County, Kansas

Source: Ownwell

$100,430

$193,985

$287,540

Median Richmond Market Value

$127,360

Median Franklin County Market Value

$165,700

Median Kansas Market Value

$156,260

Median United States Market Value

$244,900

Property Tax Assessment Values Across Richmond, Franklin County, Kansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
66080	$28,688	$60,615	$127,360	$198,525	$263,924

Source: Ownwell

Property Tax Bills Across Richmond, Franklin County, Kansas

In Richmond, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Richmond's property tax rate is higher than the national median of 1.02%, leading to a median tax bill of $1,983. This figure is below the national median tax bill of $2,400. Homeowners in Richmond experience tax bills that vary significantly, with some paying as low as $1,039 and others as high as $3,586, depending on their property's assessed value and exemptions. Rising property taxes can be a financial burden for homeowners, but Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and market values, Ownwell helps homeowners identify potential savings and file appeals to reduce their tax bills. This service ensures that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Richmond, Franklin County, Kansas

Source: Ownwell

$1,331

$2,662

$3,992

Median Richmond Tax Bill

$1,983

Median Franklin County Tax Bill

$2,728

Median Kansas Tax Bill

$2,595

Median United States Tax Bill

$2,690

Property Tax Bills Across Richmond, Franklin County, Kansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
66080	$466	$1,039	$1,983	$2,857	$3,586

Source: Ownwell