Westwood Hills, Kansas Property Taxes
The median property tax rate in Westwood Hills, KS is 1.37%, which is considerably higher than the national median of 0.99% but slightly lower than the Kansas state median of 1.43%. With the median home value in Westwood Hills at $469,950, the typical annual property tax bill reaches $6,418, significantly exceeding the national median of $2,690. Property taxes in Westwood Hills are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Westwood Hills'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 Westwood 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
Westwood Hills, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$6,438
Ownwell’s Westwood Hills Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Westwood Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westwood 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 Johnson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Westwood Hills, Kansas
Property taxes in Westwood Hills, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westwood 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 Westwood Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westwood 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. For comparison, the zip code 66205 has the highest median property tax rate of 1.37%, while the lowest median tax rate in the same zip code is also 1.37%. Understanding how these cities compare with Westwood 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 Westwood 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 Westwood Hills, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | 1.36% | 1.36% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Westwood Hills, Kansas
In Westwood Hills, 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 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 Westwood Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 66205 has both the highest and lowest median tax bill at $6,418.
Property Tax Assessment Values Across Westwood Hills, Kansas
Source: Ownwell
$2,580
$11,587,790
$23,173,000
Average Westwood Hills Assessed Value
$469,950
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 Hills, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | $309,680 | $383,075 | $469,950 | $545,700 | $618,680 |
Source: Ownwell
Property Tax Bills Across Westwood Hills, Kansas
In Westwood Hills, KS, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. For instance, if the median home price is $469,950, the assessed value is derived from this figure. The tax rate is then applied to the assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the local tax rate, which is specific to Johnson County and may differ from other regions. Homeowners in Westwood Hills can expect their tax bills to vary, with the 25th percentile at $5,214 and the 75th percentile reaching $7,467. The highest median tax bill in the area is $6,418, which is significantly above the national median property tax rate of 0.99%. This higher rate can impact homeowners by increasing their annual financial obligations, making property taxes an important consideration when purchasing or owning a home in Westwood Hills.
Average Westwood Hills Tax Bill
$6,418
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 Hills, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66205 | $4,224 | $5,214 | $6,418 | $7,467 | $8,478 |
Source: Ownwell