Halstead, Kansas Property Taxes
The median property tax rate in Halstead, KS is 1.96%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $138,950 in Halstead, the typical annual property tax bill amounts to $2,416, which is below the national median of $2,690. Property taxes in Halstead are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Halstead'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 Halstead 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
Halstead, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$2,723
$2,527
Ownwell’s Halstead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Halstead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Halstead 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 Halstead, Kansas
Property taxes in Halstead, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Halstead is 1.96%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Halstead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Halstead 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 Halstead's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67056 has both the highest and lowest median property tax rate of 1.96%. Understanding how these cities compare with Halstead provides valuable insights into the varying tax landscape across Harvey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Halstead Tax Rate
1.96%
Average Harvey County Tax Rate
1.99%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Halstead, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67056 | 1.29% | 1.56% | 1.96% | 1.99% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Halstead, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Halstead, 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 Harvey 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 Halstead, 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. For instance, Halstead's median home price is $138,950, and the median tax bill in the 25th percentile is $1,536, while in the 75th percentile, it is $3,401. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Halstead Assessed Value
$138,950
Average Harvey County Assessed Value
$132,235
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Halstead, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67056 | $52,160 | $87,868 | $138,950 | $194,992 | $271,480 |
Source: Ownwell
Property Tax Bills Across Halstead, Kansas
In Halstead, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. For example, with a median home price of $138,950, the assessed value is used to determine the amount of tax owed. The property tax rate in Halstead is then applied to this assessed value to calculate the final tax bill. Several factors influence the tax bill, including property location, property size, and any exemptions or deductions for which the homeowner may qualify. In Halstead, the tax bill can vary significantly, with the 25th percentile at $1,536 and the 75th percentile at $3,401. The highest median tax bill recorded in the area is $2,416. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Consequently, homeowners in Halstead need to be aware of how these factors affect their annual tax obligations to manage their finances effectively.
Average Halstead Tax Bill
$2,416
Average Harvey County Tax Bill
$2,442
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Halstead, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67056 | $821 | $1,536 | $2,416 | $3,401 | $4,606 |
Source: Ownwell