Summerfield, Marshall County, Kansas Property Taxes
The median property tax rate in Summerfield, KS is 1.38%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With the median home value in Summerfield at $47,745, the typical annual property tax bill is $695, significantly lower than the national median of $2,690. Property taxes in Summerfield are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Summerfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to meaningful annual savings. Whether you're in the heart of Summerfield or another part of the city, grasping the local property tax intricacies will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Summerfield, Marshall County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$659
$611
Ownwell’s Summerfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Summerfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Summerfield 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 Summerfield, Marshall County, Kansas
Property taxes in Summerfield, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Summerfield is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Summerfield set these rates annually, and they can vary across different neighborhoods. Each year, Summerfield 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 Summerfield's effective property tax rate to other areas in Marshall County and the national median. For comparison, the zip code 66541 has the highest median property tax rate of 1.38%, while the lowest median tax rate in the area is also 1.38%. Understanding how these cities compare with Summerfield provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Summerfield Tax Rate
1.38%
Average Marshall County Tax Rate
1.65%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summerfield, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66541 | 1.09% | 1.23% | 1.38% | 1.76% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Summerfield, Marshall County, Kansas
In Summerfield, 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 Marshall 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 Summerfield, 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 Summerfield is $47,745, with tax bills ranging from $226 at the 25th percentile to $4,544 at the 90th percentile. The zip code with the highest median tax bill is 66541, amounting to $695. 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 Summerfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Summerfield, Marshall County, Kansas
Source: Ownwell
$47,745
$90,358
$132,970
Average Summerfield Assessed Value
$47,745
Average Marshall County Assessed Value
$92,000
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Summerfield, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66541 | $7,538 | $18,125 | $47,745 | $109,998 | $226,237 |
Source: Ownwell
Property Tax Bills Across Summerfield, Marshall County, Kansas
In Summerfield, KS, located in Marshall County, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home, which in Summerfield has a median home price of $47,745. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including property size, location, and any applicable exemptions. For instance, tax bills in Summerfield can range significantly, with the 25th percentile at $226 and the 90th percentile reaching up to $4,544. The median tax bill in the area is $695, which is below the national median property tax rate of 0.99%. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the overall quality of life and community resources. Understanding these factors can help homeowners in Summerfield anticipate their annual tax obligations and plan accordingly.
Average Summerfield Tax Bill
$695
Average Marshall County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Summerfield, Marshall County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66541 | $104 | $226 | $695 | $1,562 | $4,544 |
Source: Ownwell