Meriden, Jefferson County, Kansas Property Taxes
The median property tax rate in Meriden, Kansas is 1.16%, which is higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Meriden, the typical annual property tax bill reaches $2,457, slightly below the national median of $2,690. Property taxes in Meriden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. 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 will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meriden, Jefferson County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$2,321
$2,154
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, Jefferson County, Kansas
Property taxes in Meriden, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meriden is 1.16%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Meriden set these rates annually, and they can vary significantly 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 counties in Kansas and the national median. For comparison, the 66512 zip code has the highest median property tax rate of 1.16%, while the 66512 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Meriden 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 Meriden Tax Rate
1.16%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meriden, Jefferson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66512 | 0.98% | 1.08% | 1.16% | 1.43% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Meriden, Jefferson County, 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 Jefferson 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 zip code 66512 has both the highest and lowest median tax bill values, standing at $2,457.
Property Tax Assessment Values Across Meriden, Jefferson County, Kansas
Source: Ownwell
$118,115
$194,253
$270,390
Average Meriden Assessed Value
$200,100
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 Meriden, Jefferson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66512 | $101,996 | $145,700 | $200,100 | $265,420 | $340,440 |
Source: Ownwell
Property Tax Bills Across Meriden, Jefferson County, Kansas
In Meriden, property tax bills are calculated based on the assessed value of a home, which is determined by the Jefferson County assessor's office. This assessed value is typically a percentage of the property's market value. For example, with a median home price of $200,100, the tax bill can vary significantly depending on the assessed value and applicable tax rates. Factors considered in determining the tax bill include the property's location, size, and condition, as well as any applicable exemptions or deductions. Homeowners in Meriden can expect their property tax bills to fall within a range, with the 25th percentile at $1,770 and the 75th percentile at $3,267. The 90th percentile sees tax bills as high as $4,021, indicating considerable variation based on property specifics. Compared to the national median property tax rate of 0.99%, Meriden's property tax rates may be higher or lower, affecting homeowners' annual financial obligations. Understanding these factors helps homeowners budget effectively and anticipate their property tax responsibilities.
Average Meriden Tax Bill
$2,457
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Meriden, Jefferson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66512 | $1,049 | $1,770 | $2,457 | $3,267 | $4,021 |
Source: Ownwell