Lake Quivira, Kansas Property Taxes
The median property tax rate in Lake Quivira, 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 $721,400, the typical annual property tax bill in Lake Quivira reaches $8,290, significantly surpassing the national median of $2,690. Property taxes in Lake Quivira are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lake Quivira'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 Lake Quivira 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
Lake Quivira, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s LAKE QUIVIRA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LAKE QUIVIRA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LAKE QUIVIRA 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 Lake Quivira, Kansas
Property taxes in Lake Quivira, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Quivira is 1.15%, higher than the U.S. national median of 0.99%. Local government entities within Lake Quivira set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Quivira 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 Lake Quivira's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66217 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 Lake Quivira 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 Lake Quivira Tax Rate
1.15%
Average Johnson County Tax Rate
1.32%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Quivira, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66217 | 1.14% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Lake Quivira, Kansas
In Lake Quivira, 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. 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 Lake Quivira helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $8,290, found in zip code 66217.
Property Tax Assessment Values Across Lake Quivira, Kansas
Source: Ownwell
$2,580
$11,587,790
$23,173,000
Average Lake Quivira Assessed Value
$721,400
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 Lake Quivira, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66217 | $511,900 | $595,350 | $721,400 | $843,500 | $1,098,400 |
Source: Ownwell
Property Tax Bills Across Lake Quivira, Kansas
In Lake Quivira, Johnson County, KS, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is evaluated by the county assessor. Several factors influence the final tax bill, including property size, location, and improvements made to the property. Homeowners in Lake Quivira experience varying tax bills, with the 25th percentile at $6,804 and the 75th percentile at $9,709. The 90th percentile tax bill reaches $12,671. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Lake Quivira's property tax rates can result in substantial annual expenses for homeowners. The highest and lowest median tax bill in the area is $8,290, found in zip code 66217. This variability underscores the importance of understanding how local assessments and tax rates impact one's financial obligations.
Average Lake Quivira Tax Bill
$8,290
Average Johnson County Tax Bill
$4,179
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Quivira, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66217 | $5,833 | $6,804 | $8,290 | $9,709 | $12,671 |
Source: Ownwell