North Newton, Kansas Property Taxes
The median property tax rate in North Newton, KS is 1.82%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in North Newton at $189,800, the typical annual property tax bill reaches $3,414, exceeding the national median of $2,690. Property taxes in North Newton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Newton'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 North Newton or another part of Harvey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Newton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$3,454
$3,206
Ownwell’s North Newton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Newton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Newton 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 North Newton, Kansas
Property taxes in North Newton, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Newton is 1.82%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within North Newton set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Newton 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 North Newton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67117 zip code has the highest median property tax rate of 1.82%, while the lowest median tax rate is also 1.82%. Understanding how these cities compare with North Newton 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 North Newton Tax Rate
1.82%
Average Harvey County Tax Rate
1.99%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Newton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67117 | 1.72% | 1.80% | 1.82% | 1.83% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across North Newton, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in North Newton, 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. Assessment notices in North Newton 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In North Newton, the median home price is $189,800, with tax bills ranging from $2,546 at the 25th percentile to $5,901 at the 90th percentile. The highest and lowest median tax bills are both $3,414 in the 67117 zip code.
Average North Newton Assessed Value
$189,800
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 North Newton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67117 | $104,210 | $144,475 | $189,800 | $250,635 | $325,552 |
Source: Ownwell
Property Tax Bills Across North Newton, Kansas
In North Newton, located in Harvey County, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in North Newton stands at $189,800. The local tax rate is applied to this assessed value to determine the annual property tax bill. Homeowners in this region see a variety of tax bills depending on their property's value, with the 25th percentile tax bill at $2,546 and the 75th percentile reaching $4,525. For those at the 90th percentile, the tax bill can be as high as $5,901. These figures highlight the impact of property assessments and local tax rates on homeowners' finances. Compared to the national median property tax rate of 0.99%, North Newton's tax bills reflect the specific economic and policy conditions of Harvey County. Homeowners need to stay informed about these factors to manage their property expenses effectively.
Average North Newton Tax Bill
$3,414
Average Harvey County Tax Bill
$2,442
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across North Newton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67117 | $1,772 | $2,546 | $3,414 | $4,525 | $5,901 |
Source: Ownwell