Meriden, Kansas Property Taxes
The median property tax rate in Meriden, KS is 1.38%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With a median home value of $174,385 in Meriden, the typical annual property tax bill amounts to $2,425, which is below the national median of $2,690. Property taxes in Meriden are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Meriden'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 Meriden or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Meriden, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,407
Ownwell’s Meriden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meriden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meriden 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 Meriden, Kansas
Property taxes in Meriden, Kansas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Meriden is 1.38%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Meriden set these rates annually, and they can vary across different neighborhoods. Each year, Meriden 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 Meriden's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66512 has both the highest and lowest median property tax rate of 1.38%, aligning with Meriden's rate. Understanding how these cities compare with Meriden 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 Meriden Tax Rate
1.38%
Average Jackson County Tax Rate
1.48%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meriden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66512 | 1.21% | 1.31% | 1.38% | 1.61% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Meriden, Kansas
In Meriden, 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 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 Meriden, 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 Meriden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Meriden is $2,425 in the 66512 zip code, while the lowest median tax bill is also $2,425 in the same zip code.
Average Meriden Assessed Value
$174,385
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 Meriden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66512 | $71,358 | $117,662 | $174,385 | $234,172 | $279,019 |
Source: Ownwell
Property Tax Bills Across Meriden, Kansas
In Meriden, Kansas, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the home's location, size, and market conditions. Homeowners in Meriden can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,745, while the 75th percentile tax bill is approximately $3,250. The highest median tax bill in the area is $2,425, found in zip code 66512. These figures highlight the range of property tax obligations that homeowners might face. Compared to the national median property tax rate of 0.99%, Meriden's rates can be seen as relatively moderate or high, affecting homeowners' budgeting and financial planning. Understanding these factors can help homeowners anticipate their property tax responsibilities more accurately.
Average Meriden Tax Bill
$2,425
Average Jackson County Tax Bill
$1,989
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Meriden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66512 | $1,091 | $1,745 | $2,425 | $3,250 | $3,846 |
Source: Ownwell