Winchester, Kansas Property Taxes
The median property tax rate in Winchester, KS is 1.06%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $276,955 in Winchester, the typical annual property tax bill amounts to $2,740, just below the national median of $2,690. Property taxes in Winchester are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Winchester'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 Winchester 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
Winchester, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,936
Ownwell’s Winchester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winchester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winchester 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 Winchester, Kansas
Property taxes in Winchester, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winchester is 1.06%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Winchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winchester 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 Winchester's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66097 zip code has the highest median property tax rate of 1.06%, while the 66097 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Winchester provides valuable insights into the varying tax landscape across Leavenworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winchester Tax Rate
1.06%
Average Leavenworth County Tax Rate
1.24%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winchester, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66097 | 0.91% | 1.00% | 1.06% | 1.09% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Winchester, Kansas
In Winchester, 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 Leavenworth 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 Winchester, 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. The median home price in Winchester is $276,955, with tax bills ranging from $2,487 at the 25th percentile to $3,565 at the 90th percentile. The highest and lowest median tax bills are both $2,740, found in zip code 66097. 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 Winchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Winchester Assessed Value
$276,955
Average Leavenworth County Assessed Value
$241,600
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winchester, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66097 | $197,727 | $225,802 | $276,955 | $327,450 | $354,342 |
Source: Ownwell
Property Tax Bills Across Winchester, Kansas
In Winchester, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. Winchester's property tax rate stands out when compared to the national median property tax rate of 0.99%. For homeowners in Winchester, property tax bills can vary significantly. For instance, the median home price is $276,955, resulting in a median tax bill of around $2,740. However, tax bills can range from the 25th percentile at $2,487 to the 75th percentile at $3,076, and even up to the 90th percentile at $3,565. These property taxes fund essential local services such as schools, public safety, and infrastructure. Therefore, understanding how property tax bills are calculated can help homeowners in Winchester better anticipate their annual expenses and make informed financial decisions.
Average Winchester Tax Bill
$2,740
Average Leavenworth County Tax Bill
$3,073
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Winchester, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66097 | $2,146 | $2,487 | $2,740 | $3,076 | $3,565 |
Source: Ownwell