Denison, Kansas Property Taxes
The median property tax rate in Denison, KS is 1.32%, higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Denison at $191,610, the typical annual property tax bill reaches $2,870, surpassing the national median of $2,690. Property taxes in Denison are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the 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 Jefferson County, understanding 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
1.32%
Estimate Property Tax Bill
$2,529
$2,347
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denison is 1.32%, higher than both the Kansas state median 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 areas in Kansas and the national median. For comparison, the zip code 66419 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Denison provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denison Tax Rate
1.32%
Average Jefferson County Tax Rate
1.23%
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 | 1.03% | 1.17% | 1.32% | 1.45% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Denison, Kansas
In Denison, 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 local 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. The median home price in Denison is $191,610, with tax bills ranging from $2,075 at the 25th percentile to $4,685 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,870, occurring in the 66419 zip code. Being aware of these valuation processes in Denison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Denison Assessed Value
$191,610
Average Jefferson County Assessed Value
$183,070
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 | $99,916 | $158,155 | $191,610 | $257,510 | $312,642 |
Source: Ownwell
Property Tax Bills Across Denison, Kansas
In Denison, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Denison, Jefferson County, experience a range of property tax bills depending on their home's value. For instance, the 25th percentile tax bill is approximately $2,075, while the 75th percentile reaches around $3,513. At the higher end, the 90th percentile tax bill can go up to $4,685. Several factors influence the tax bill, including the home's location within Jefferson County, any applicable exemptions, and the local government's budget requirements. The median home price in Denison is $191,610, and the property tax rate can significantly impact homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, homeowners in Denison might find their tax bills vary considerably based on these assessments and local rates. This system ensures that property taxes contribute to community services and infrastructure, directly affecting homeowners.
Average Denison Tax Bill
$2,870
Average Jefferson County Tax Bill
$2,300
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 | $1,051 | $2,075 | $2,870 | $3,513 | $4,685 |
Source: Ownwell