Scott City, Kansas Property Taxes
The median property tax rate in Scott City, KS is 2.80%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $9,120 in Scott City, the typical annual property tax bill is $255, which is below the national median of $2,690. Property taxes in Scott City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Scott City'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 Scott City 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
Scott City, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.8%
Estimate Property Tax Bill
$255
Ownwell’s Scott City Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Scott City, Kansas, using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scott City to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Scott City, Kansas
Property taxes in Scott City, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Scott City is 1.52%, which is significantly higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Scott City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scott City 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 Scott City's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67871 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these areas compare with Scott City provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scott City Tax Rate
2.80%
Average Gove County Tax Rate
1.81%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scott City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67871 | 2.80% | 2.80% | 2.80% | 2.80% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Scott City, Kansas
In Scott City, 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 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. Assessment notices in Scott City 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. Scott City has a median home price of $9,120, with the highest median tax bill being $255 in the 67871 zip code. 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 Scott City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scott City Assessed Value
$9,120
Average Gove County Assessed Value
$74,990
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scott City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67871 | $9,120 | $9,120 | $9,120 | $9,120 | $9,120 |
Source: Ownwell
Property Tax Bills Across Scott City, Kansas
In Scott City, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the amount owed. For instance, with a median home price of $9,120, homeowners in Scott City can expect their property tax bill to be around $255, which is consistent across various percentiles. This uniformity indicates a stable and predictable property tax environment. Factors considered in determining the tax bill include the market value of the property and the local tax rate set by the county. In Scott City, the property tax rate is relatively low compared to the national median property tax rate of 0.99%. This lower rate can significantly benefit homeowners by reducing their annual tax burden, making homeownership more affordable. Consequently, the property tax system in Scott City provides a level of financial predictability and stability for its residents.
Average Scott City Tax Bill
$255
Average Gove County Tax Bill
$1,267
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Scott City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67871 | $255 | $255 | $255 | $255 | $255 |
Source: Ownwell