Denison, Kansas Property Taxes
The median property tax rate in Denison, KS is 1.48%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Denison, the typical annual property tax bill reaches $956, which is below the national median of $2,690. Property taxes in Denison are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Denison'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 Denison or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denison, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$896
Ownwell’s Denison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denison 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 Denison, Kansas
Property taxes in Denison, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denison is 1.48%, significantly higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Denison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denison 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 Denison's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66419 has both the highest and lowest median property tax rate of 1.48%. Understanding how these cities compare with Denison provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denison Tax Rate
1.48%
Average Jackson County Tax Rate
1.48%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denison, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66419 | 1.20% | 1.34% | 1.48% | 1.71% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Denison, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Denison, 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 Jackson 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 Denison, 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 Denison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 66419, with a tax bill of $956, while the lowest median tax bill also falls in the same zip code with a tax bill of $956.
Average Denison Assessed Value
$60,530
Average Jackson County Assessed Value
$133,885
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Denison, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66419 | $17,502 | $34,880 | $60,530 | $140,630 | $208,910 |
Source: Ownwell
Property Tax Bills Across Denison, Kansas
In Denison, Kansas, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $60,530, homeowners can expect varying tax bills depending on their property's assessed value and applicable tax rate. Factors such as property location within Jackson County, property type, and any applicable exemptions or deductions also play significant roles in calculating the final tax bill. For example, tax bills in Denison range from the 25th percentile at $531 to the 90th percentile at $3,093, reflecting the diverse property values and tax rates within the area. Higher property taxes can impact homeowners by increasing their annual financial obligations, whereas lower taxes can make homeownership more affordable. Understanding these factors helps homeowners in Denison plan their finances better and potentially seek tax appeal services if they believe their property has been over-assessed.
Average Denison Tax Bill
$956
Average Jackson County Tax Bill
$1,989
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Denison, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66419 | $297 | $531 | $956 | $2,001 | $3,093 |
Source: Ownwell