Mission Hills, Kansas Property Taxes
The median property tax rate in Mission Hills, KS is 1.37%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Mission Hills, the typical annual property tax bill reaches $14,702, exceeding the national median of $2,690. Property taxes in Mission Hills 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 Mission Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mission Hills 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
Mission Hills, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$14,681
$13,623
Ownwell’s MISSION HILLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MISSION HILLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MISSION HILLS 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 Mission Hills, Kansas
Property taxes in Mission Hills, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mission Hills is 1.37%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Mission Hills set these rates annually, and they can vary across different neighborhoods. Each year, Mission Hills 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 Mission Hills' effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66208 has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Mission Hills 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 Mission Hills Tax Rate
1.37%
Average Johnson County Tax Rate
1.32%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mission Hills, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66208 | 1.36% | 1.37% | 1.37% | 1.38% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Mission Hills, Kansas
In Mission Hills, Kansas, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Mission Hills, 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 Mission Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mission Hills, the highest and lowest median tax bills are both $14,702, found in zip code 66208.
Property Tax Assessment Values Across Mission Hills, Kansas
Source: Ownwell
$2,580
$11,587,790
$23,173,000
Average Mission Hills Assessed Value
$1,071,600
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 Mission Hills, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66208 | $656,680 | $819,975 | $1,071,600 | $1,577,375 | $2,491,590 |
Source: Ownwell
Property Tax Bills Across Mission Hills, Kansas
In Mission Hills, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's market value, local tax rates, and any applicable exemptions. For example, the median home price in Mission Hills is $1,071,600, leading to tax bills that can range significantly. Homeowners in the 25th percentile pay around $11,307, while those in the 75th percentile see bills around $21,677, and those in the 90th percentile face tax bills as high as $34,005. Comparatively, the national median property tax rate is 0.99%, making Mission Hills' tax bills notably higher. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should be aware of these factors to better understand their tax obligations and potential financial planning needs.
Average Mission Hills Tax Bill
$14,702
Average Johnson County Tax Bill
$4,179
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Mission Hills, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66208 | $9,095 | $11,307 | $14,702 | $21,677 | $34,005 |
Source: Ownwell