Williamsburg, Kansas Property Taxes
The median property tax rate in Williamsburg, KS is 1.47%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Williamsburg, the typical annual property tax bill reaches $2,170, slightly below the national median of $2,690. Property taxes in Williamsburg 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 Williamsburg'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 Williamsburg 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
Williamsburg, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Williamsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsburg 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 Williamsburg, Kansas
Property taxes in Williamsburg, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsburg is 1.47%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Williamsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsburg 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 Williamsburg's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66095 zip code has the highest median property tax rate of 1.47%, while the same zip code also represents the lowest median tax rate of 1.47%. Understanding how these cities compare with Williamsburg 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 Williamsburg Tax Rate
1.47%
Average Franklin County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66095 | 1.23% | 1.32% | 1.47% | 1.76% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Williamsburg, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Williamsburg, 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 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 Williamsburg, 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. The median home price in Williamsburg stands at $128,885, with tax bills ranging from $1,323 at the 25th percentile to $3,942 at the 90th percentile. The highest and lowest median tax bills, both at $2,170, are found in the 66095 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Williamsburg Assessed Value
$128,885
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 Williamsburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66095 | $30,438 | $73,250 | $128,885 | $208,062 | $274,295 |
Source: Ownwell
Property Tax Bills Across Williamsburg, Kansas
In Williamsburg, located in Franklin County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Williamsburg is $128,885. Homeowners' tax bills are determined by multiplying the assessed value by the local tax rate. Various factors influence the final tax bill, including the home's location, its assessed value, and any applicable exemptions. For instance, tax bills in Williamsburg can range significantly. The 25th percentile tax bill is around $1,323, while the 75th percentile tax bill reaches approximately $3,115. At the higher end, the 90th percentile tax bill can be as much as $3,942. These figures show that while some homeowners may pay relatively modest property taxes, others could face substantially higher bills. Compared to the national median property tax rate of 0.99%, Williamsburg's tax environment can lead to varying impacts on homeowners' finances. Understanding these factors can help residents better anticipate and manage their property tax obligations.
Average Williamsburg Tax Bill
$2,170
Average Franklin County Tax Bill
$2,728
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66095 | $466 | $1,323 | $2,170 | $3,115 | $3,942 |
Source: Ownwell