Westwood, Kansas Property Taxes
The median property tax rate in Westwood, KS is 1.40%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. Given the median home value in Westwood, the typical annual property tax bill amounts to $3,901, significantly surpassing the national median of $2,690. Property taxes in Westwood are determined based on the tax assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Westwood's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you reside in the heart of Westwood or another part of the city, gaining insight into the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Westwood, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$3,874
Ownwell’s Westwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westwood 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 Westwood, Kansas
Property taxes in Westwood, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westwood is 1.40%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Westwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westwood 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 Westwood's 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 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Westwood 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 Westwood Tax Rate
1.40%
Average Johnson County Tax Rate
1.32%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | 1.37% | 1.39% | 1.40% | 1.42% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Westwood, Kansas
In Westwood, 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 Westwood, 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 Westwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 66205, with a median tax bill of $3,901.
Average Westwood Assessed Value
$276,700
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 Westwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | $188,100 | $228,250 | $276,700 | $349,500 | $463,860 |
Source: Ownwell
Property Tax Bills Across Westwood, Kansas
Property tax bills in Westwood, located in Johnson County, KS, are determined by assessing the market value of a property and applying the local tax rate. The assessed value is typically a percentage of the market value, and the local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $276,700, homeowners in Westwood can expect tax bills ranging from the 25th percentile at $3,214 to the 75th percentile at $4,862, with the 90th percentile reaching up to $6,396. This variation reflects differences in property values and specific tax rates applied. Compared to the national median property tax rate of 0.99%, Westwood homeowners face a higher financial obligation. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Consequently, the amount a homeowner pays can significantly impact their overall cost of living and financial planning.
Average Westwood Tax Bill
$3,901
Average Johnson County Tax Bill
$4,179
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Westwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | $2,671 | $3,214 | $3,901 | $4,862 | $6,396 |
Source: Ownwell