Cedar Point, Kansas Property Taxes
The median property tax rate in Cedar Point, KS is 1.73%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Cedar Point at $105,995, the typical annual property tax bill reaches $1,940, which is still below the national median of $2,690. Property taxes in Cedar Point are calculated based on the assessed value, often lower than market value due to various exemptions like primary residence and agricultural exemptions. Understanding Cedar Point'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 Cedar Point 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
Cedar Point, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,834
$1,702
Ownwell’s Cedar Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Point 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 Cedar Point, Kansas
Property taxes in Cedar Point, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Point is 1.73%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Cedar Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Point 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 Cedar Point's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66843 has both the highest and lowest median property tax rate of 1.73%. Understanding how these areas compare with Cedar Point provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Point Tax Rate
1.73%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Point, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66843 | 1.63% | 1.67% | 1.73% | 1.80% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Point, Kansas
In Cedar Point, 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 Marion 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 Cedar Point, 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 Cedar Point is $105,995, with tax bills ranging from $1,175 at the 25th percentile to $3,163 at the 90th percentile. The highest and lowest median tax bill in the area is $1,940, both found in zip code 66843. 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 Cedar Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedar Point Assessed Value
$105,995
Average Marion County Assessed Value
$76,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Point, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66843 | $41,735 | $65,832 | $105,995 | $146,158 | $170,255 |
Source: Ownwell
Property Tax Bills Across Cedar Point, Kansas
In Cedar Point, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property, and this percentage can vary based on local regulations. For homeowners in Cedar Point, the median home price is $105,995. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors like property improvements, neighborhood changes, and market trends can influence the assessed value. For instance, tax bills in Cedar Point range significantly, with the 25th percentile at $1,175 and the 75th percentile reaching $2,704. At the 90th percentile, homeowners might see tax bills as high as $3,163. These tax bills directly impact homeowners by affecting their annual housing costs. Compared to the national median property tax rate of 0.99%, Cedar Point's property tax rates can lead to varying financial obligations, making it crucial for homeowners to understand their specific tax liabilities.
Average Cedar Point Tax Bill
$1,940
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Point, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66843 | $717 | $1,175 | $1,940 | $2,704 | $3,163 |
Source: Ownwell