Prairie Village, Johnson County, Kansas Property Taxes
The median property tax rate in Prairie Village, KS is 1.37%, 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 Prairie Village at $343,400, the typical annual property tax bill reaches $4,697, significantly surpassing the national median of $2,690. Property taxes in Prairie Village 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 Prairie Village'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 Prairie Village 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
Prairie Village, Johnson County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$4,705
$4,366
Ownwell’s Prairie Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prairie Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prairie Village 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 Prairie Village, Johnson County, Kansas
Property taxes in Prairie Village, Kansas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Prairie Village is 1.37%, which is higher than the U.S. national median of 0.99%. Local government entities within Prairie Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prairie Village 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 Prairie Village's effective property tax rate to other areas in Johnson County and the national median. For comparison, the 66206 zip code has the highest median property tax rate of 1.38%, while the 66207 zip code has the lowest median tax rate of 1.35%. Understanding how these areas compare with Prairie Village 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 Prairie Village 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 Prairie Village, Johnson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66206 | 1.35% | 1.36% | 1.38% | 1.39% | 1.41% |
| 66207 | 1.32% | 1.34% | 1.35% | 1.36% | 1.37% |
| 66208 | 1.32% | 1.36% | 1.37% | 1.39% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Prairie Village, Johnson County, Kansas
In Prairie Village, 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 Prairie Village, 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. For instance, the highest median tax bill is $8,256 in zip code 66207, while the lowest is $4,536 in zip code 66208. Being aware of these valuation processes in Prairie Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Prairie Village, Johnson County, Kansas
Source: Ownwell
$178,200
$624,900
$1,071,600
Average Prairie Village Assessed Value
$343,400
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 Prairie Village, Johnson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66206 | $227,110 | $285,900 | $349,300 | $445,625 | $509,530 |
| 66207 | $393,620 | $501,375 | $609,950 | $842,575 | $1,138,100 |
| 66208 | $233,520 | $277,900 | $331,800 | $406,800 | $587,580 |
Source: Ownwell
Property Tax Bills Across Prairie Village, Johnson County, Kansas
In Prairie Village, Johnson County, KS, property tax bills are determined by assessing the value of a home and applying the local tax rate. The assessed value is derived from the market value of the property, which in Prairie Village has a median home price of $343,400. The county then applies its specific tax rate to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the home's location, size, and any improvements made to the property. For example, the tax bill for the 25th percentile is around $3,936, while the 75th percentile reaches approximately $6,328. At the higher end, the 90th percentile sees tax bills nearing $9,539. These property tax bills significantly impact homeowners by contributing to their annual expenses. Notably, the highest median tax bill in the area is $8,256 in zip code 66207, compared to the lowest median tax bill of $4,536 in zip code 66208. This variability highlights the importance of accurate property assessments and understanding local tax rates.
Average Prairie Village Tax Bill
$4,697
Average Johnson County Tax Bill
$4,179
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Prairie Village, Johnson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66206 | $3,212 | $3,970 | $4,844 | $6,160 | $6,792 |
| 66207 | $5,410 | $6,814 | $8,256 | $11,329 | $15,270 |
| 66208 | $3,268 | $3,842 | $4,536 | $5,532 | $7,882 |
Source: Ownwell