De Soto, Kansas Property Taxes
The median property tax rate in De Soto, KS, is 1.54%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in De Soto at $250,300, the typical annual property tax bill reaches $3,845, exceeding the national median of $2,690. Property taxes in De Soto are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding De Soto'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 De Soto 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
De Soto, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$3,855
Ownwell’s De Soto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Soto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Soto 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 De Soto, Kansas
Property taxes in De Soto, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in De Soto is 1.54%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within De Soto set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Soto 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 De Soto's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66018 has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with De Soto provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Soto Tax Rate
1.54%
Average Johnson County Tax Rate
1.32%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Soto, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66018 | 1.49% | 1.53% | 1.54% | 1.55% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across De Soto, Kansas
In DE SOTO, 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 Johnson 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 DE SOTO, 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. For instance, the median home price in DE SOTO is $250,300, with tax bills ranging from $2,478 at the 25th percentile to $7,469 at the 90th percentile. 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 DE SOTO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average De Soto Assessed Value
$250,300
Average Johnson County Assessed Value
$319,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Soto, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66018 | $50,902 | $163,000 | $250,300 | $379,500 | $487,200 |
Source: Ownwell
Property Tax Bills Across De Soto, Kansas
In De Soto, KS, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is typically a percentage of the home's market value. Homeowners in De Soto can expect their property tax bills to vary significantly based on several factors, including the property's assessed value and the specific tax rates set by local authorities. For instance, the median home price in De Soto is $250,300, and property tax bills range from $2,478 at the 25th percentile to $7,469 at the 90th percentile. The assessed value is influenced by factors such as property size, location, and market conditions. This assessed value is then multiplied by the local tax rate to determine the final tax bill. Homeowners in De Soto experience a range of tax bills, with some paying significantly more than the national median property tax rate of 0.99%. These variations can impact homeowners' budgets and financial planning, making it crucial to understand how property tax bills are determined.
Average De Soto Tax Bill
$3,845
Average Johnson County Tax Bill
$4,179
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across De Soto, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66018 | $835 | $2,478 | $3,845 | $5,856 | $7,469 |
Source: Ownwell