Climax, Kansas Property Taxes
The median property tax rate in Climax, KS is 1.73%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Climax, the typical annual property tax bill reaches $165, which is significantly lower than the national median of $2,690. Property taxes in Climax 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 Climax'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 Climax 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
Climax, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$171
Ownwell’s Climax Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Climax with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Climax 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 Climax, Kansas
Property taxes in Climax, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Climax is 1.73%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Climax set these rates annually, and they can vary significantly across different neighborhoods. Each year, Climax 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 Climax's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67137 zip code has both the highest and lowest median property tax rate of 1.73%. Understanding how these cities compare with Climax provides valuable insights into the varying tax landscape across Greenwood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Climax Tax Rate
1.73%
Average Greenwood County Tax Rate
2.02%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Climax, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67137 | 1.35% | 1.64% | 1.73% | 1.83% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Climax, Kansas
In Climax, 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 Greenwood 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 Climax, 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 Climax helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 67137, with a median tax bill of $165.
Average Climax Assessed Value
$9,895
Average Greenwood County Assessed Value
$39,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Climax, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67137 | $1,445 | $5,205 | $9,895 | $20,852 | $47,700 |
Source: Ownwell
Property Tax Bills Across Climax, Kansas
In Climax, located in Greenwood County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For example, if a home has a market value of $9,895, the assessed value would be a fraction of this amount, depending on local assessment rates. The property tax rate in Climax is then applied to the assessed value to determine the annual tax bill. Homeowners in this area can expect tax bills that vary significantly. The 25th percentile tax bill is around $77, while the 75th percentile reaches up to $327. For those at the 90th percentile, tax bills can be as high as $638. These variations in tax bills can impact homeowners differently, depending on their property's assessed value and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Climax offers relatively lower property tax bills, making it an attractive location for homeowners seeking affordable living.
Average Climax Tax Bill
$165
Average Greenwood County Tax Bill
$769
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Climax, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67137 | $24 | $77 | $165 | $327 | $638 |
Source: Ownwell