Sharon, Kansas Property Taxes
The median property tax rate in Sharon, Kansas is 1.66%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Sharon, the typical annual property tax bill reaches $3,777, exceeding the national median of $2,690. Property taxes in Sharon 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 Sharon'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 Sharon 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
Sharon, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$3,771
Ownwell’s Sharon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sharon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sharon 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 Sharon, Kansas
Property taxes in Sharon, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sharon is 1.66%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Sharon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sharon 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 Sharon's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67138 zip code has both the highest and lowest median property tax rate of 1.66%. Understanding how these cities compare with Sharon provides valuable insights into the varying tax landscape across Harper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sharon Tax Rate
1.66%
Average Harper County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sharon, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67138 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Sharon, Kansas
In Sharon, 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 Harper 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. Assessment notices in Sharon 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 Sharon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Sharon, the highest and lowest median tax bills are both recorded at $3,777 in the zip code 67138. This uniformity in tax bills highlights the importance of understanding your assessed value and seeking potential exemptions.
Average Sharon Assessed Value
$227,180
Average Harper County Assessed Value
$53,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sharon, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67138 | $227,180 | $227,180 | $227,180 | $227,180 | $227,180 |
Source: Ownwell
Property Tax Bills Across Sharon, Kansas
In Sharon, located in Harper County, Kansas, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the county assessor. For instance, if the median home price in Sharon is $227,180, the assessed value would be a fraction of this amount, as dictated by Kansas state law. Once the assessed value is established, the local property tax rate is applied to calculate the annual tax bill. Factors influencing the tax bill include the property's market value, assessment rate, and the local tax rate. In Sharon, the median property tax bill is $3,777, which is notably higher than the national median property tax rate of 0.99%. This higher tax bill can significantly impact homeowners, affecting their monthly mortgage payments and overall cost of living. Understanding how these elements interact can help homeowners in Sharon better anticipate and manage their property tax obligations.
Average Sharon Tax Bill
$3,777
Average Harper County Tax Bill
$968
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Sharon, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67138 | $3,777 | $3,777 | $3,777 | $3,777 | $3,777 |
Source: Ownwell