Nashville, Kansas Property Taxes
The median property tax rate in Nashville, KS is 1.68%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Nashville at $62,780, the typical annual property tax bill reaches $1,087, exceeding the national median of $2,690. Property taxes in Nashville 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 Nashville'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 Nashville or another part of Kingman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nashville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,055
$979
Ownwell’s Nashville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nashville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nashville 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 Nashville, Kansas
Property taxes in Nashville, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nashville is 1.68%, which is higher than the U.S. national median of 0.99%. Local government entities within Nashville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nashville 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 Nashville's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67112 zip code has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Nashville 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 Nashville Tax Rate
1.68%
Average Kingman County Tax Rate
1.98%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67112 | 1.54% | 1.61% | 1.68% | 2.08% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Nashville, Kansas
In Nashville, 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 Nashville, 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 example, the median home price in the area is $62,780, with tax bills ranging from $443 at the 25th percentile to $4,247 at the 90th percentile. The zip code with the highest median tax bill is 67112, at $1,087. 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 Nashville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nashville Assessed Value
$62,780
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 Nashville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67112 | $10,730 | $22,330 | $62,780 | $119,600 | $181,056 |
Source: Ownwell
Property Tax Bills Across Nashville, Kansas
In Nashville, Kingman County, KS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For homeowners in Nashville, the median home price is $62,780. The tax bills can vary significantly, with the 25th percentile tax bill at $443 and the 75th percentile tax bill reaching $2,515. Those at the 90th percentile may see tax bills as high as $4,247. These figures indicate a range of tax burdens depending on property values and specific circumstances. Compared to the national median property tax rate of 0.99%, the tax rates in Nashville can be seen as relatively moderate, but the actual impact on homeowners can vary widely. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Nashville Tax Bill
$1,087
Average Kingman County Tax Bill
$1,733
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67112 | $173 | $443 | $1,087 | $2,515 | $4,247 |
Source: Ownwell