Mission Woods, Kansas Property Taxes
The median property tax rate in Mission Woods, KS is 1.13%, 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 Mission Woods at $207,700, the typical annual property tax bill reaches $2,566, slightly below the national median of $2,690. Property taxes in Mission Woods 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 Woods' 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 Woods 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 Woods, 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 MISSION WOODS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MISSION WOODS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MISSION WOODS 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 Woods, Kansas
Property taxes in Mission Woods, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mission Woods is 1.13%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Mission Woods set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mission Woods 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 Woods' effective property tax rate to other counties in Kansas and the national median. For comparison, the 66205 zip code has the highest median property tax rate of 1.13%, while the 66205 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Mission Woods 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 Woods Tax Rate
1.13%
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 Woods, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | 1.05% | 1.08% | 1.13% | 1.19% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Mission Woods, Kansas
In Mission Woods, 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 Mission Woods, 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 Mission Woods is $207,700, with tax bills ranging from $1,311 at the 25th percentile to $4,574 at the 90th percentile. The zip code with the highest and lowest median tax bills is 66205, both at $2,566. 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 Woods helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mission Woods, Kansas
Source: Ownwell
$2,580
$11,587,790
$23,173,000
Average Mission Woods Assessed Value
$207,700
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 Woods, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | $45,860 | $106,550 | $207,700 | $308,850 | $369,540 |
Source: Ownwell
Property Tax Bills Across Mission Woods, Kansas
Property tax bills in Mission Woods, KS, are calculated based on the assessed value of a property, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate set by Johnson County. Factors influencing the tax bill include the property's market value, local tax rates, and applicable exemptions. For example, a median home price in Mission Woods is $207,700, and the property tax rates in Johnson County are designed to align with the national median property tax rate of 0.99%. Homeowners in the 25th percentile of tax bills pay around $1,311, while those in the 75th percentile pay approximately $3,821. The highest median tax bill in the area is $2,566, found in the 66205 zip code. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting homeowners by contributing to community development and property value stability.
Average Mission Woods Tax Bill
$2,566
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 Woods, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | $558 | $1,311 | $2,566 | $3,821 | $4,574 |
Source: Ownwell