Cunningham, Kansas Property Taxes
The median property tax rate in Cunningham, KS is 1.93%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Cunningham at $88,320, the typical annual property tax bill reaches $1,665, falling below the national median of $2,690. Property taxes in Cunningham 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 Cunningham'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 Cunningham 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
Cunningham, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$1,705
$1,582
Ownwell’s Cunningham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cunningham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cunningham 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 Cunningham, Kansas
Property taxes in Cunningham, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cunningham is 1.93%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Cunningham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cunningham 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 Cunningham's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67035 zip code has both the highest and lowest median property tax rate of 1.93%. Understanding how these cities compare with Cunningham provides valuable insights into the varying tax landscape across Kingman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cunningham Tax Rate
1.93%
Average Kingman County Tax Rate
1.98%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cunningham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67035 | 1.55% | 1.83% | 1.93% | 2.03% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Cunningham, Kansas
In Cunningham, 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 Kingman 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 Cunningham, 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 Cunningham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cunningham is $1,665 in the 67035 zip code, while the lowest median tax bill is also $1,665 in the same zip code.
Average Cunningham Assessed Value
$88,320
Average Kingman County Assessed Value
$84,385
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cunningham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67035 | $19,490 | $45,030 | $88,320 | $143,820 | $201,010 |
Source: Ownwell
Property Tax Bills Across Cunningham, Kansas
Property tax bills in Cunningham, located in Kingman County, KS, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as property type, location, and improvements can influence this assessed value. In Cunningham, the median home price is $88,320, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $824, while the 75th percentile reaches $2,894, and at the 90th percentile, it climbs to $4,173. The highest median tax bill in the area is $1,665. These variations in tax bills can significantly impact homeowners, influencing their annual expenses and potentially affecting their financial planning. Compared to the national median property tax rate of 0.99%, the property tax rate in Cunningham is a crucial factor for residents to consider when budgeting for homeownership.
Average Cunningham Tax Bill
$1,665
Average Kingman County Tax Bill
$1,733
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cunningham, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67035 | $349 | $824 | $1,665 | $2,894 | $4,173 |
Source: Ownwell