Topeka, Kansas Property Taxes
The median property tax rate in Topeka, KS is 1.15%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $248,685, the typical annual property tax bill in Topeka reaches $2,779, surpassing the national median of $2,690. Property taxes in Topeka are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Topeka'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 Topeka 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
Topeka, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,860
Ownwell’s Topeka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Topeka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Topeka 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 Topeka, Kansas
Property taxes in Topeka, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Topeka is 1.15%, significantly higher than the U.S. national median of 0.99%. Local government entities within Topeka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Topeka 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 Topeka's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66617 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Topeka 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 Topeka Tax Rate
1.15%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Topeka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66617 | 1.05% | 1.09% | 1.15% | 1.19% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Topeka, Kansas
In Topeka, 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 Topeka, 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 Topeka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 66617 has the highest median tax bill at $2,779.
Average Topeka Assessed Value
$248,685
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 Topeka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66617 | $144,719 | $207,362 | $248,685 | $305,772 | $348,088 |
Source: Ownwell
Property Tax Bills Across Topeka, Kansas
In Topeka, Jefferson County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $248,685. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at $2,373 and the 75th percentile at $3,425. The 90th percentile tax bill reaches up to $4,272. This variation is largely due to differences in property values and any applicable exemptions or deductions. The highest median tax bill in the region is $2,779, found in the 66617 zip code, which is the same as the lowest median tax bill, indicating a consistent tax rate across this area. These property taxes fund essential community services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, homeowners in Topeka might find their tax rates relatively moderate, impacting their overall cost of homeownership and financial planning.
Average Topeka Tax Bill
$2,779
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Topeka, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66617 | $1,679 | $2,373 | $2,779 | $3,425 | $4,272 |
Source: Ownwell