Westmoreland, Kansas Property Taxes
The median property tax rate in Westmoreland, Kansas is 1.30%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $265,980, the typical annual property tax bill in Westmoreland reaches $2,436, slightly below the national median of $2,690. Property taxes in Westmoreland are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Westmoreland'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 Westmoreland 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
Westmoreland, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Westmoreland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westmoreland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westmoreland 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 Westmoreland, Kansas
Property taxes in Westmoreland, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westmoreland is 1.30%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Westmoreland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westmoreland 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 Westmoreland's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66549 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Westmoreland 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 Westmoreland Tax Rate
1.30%
Average Marshall County Tax Rate
1.65%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westmoreland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66549 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Westmoreland, Kansas
In Westmoreland, 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 local 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 Westmoreland, 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 Westmoreland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Westmoreland is 66549, with a tax bill of $2,436, which is also the lowest median tax bill in the area.
Average Westmoreland Assessed Value
$265,980
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 Westmoreland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66549 | $202,788 | $226,485 | $265,980 | $305,475 | $329,172 |
Source: Ownwell
Property Tax Bills Across Westmoreland, Kansas
In Westmoreland, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, and this figure forms the basis for the tax rate applied. For instance, if a home has a market value of $265,980, the assessed value would be a fraction of this amount, determined by state guidelines. The property tax rate in Westmoreland is influenced by various factors, including local government budgets, school funding, and public services. Homeowners in Westmoreland face a median property tax bill of $2,436, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, which might affect their overall budget and financial planning. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly, ensuring they are prepared for this essential aspect of homeownership in Westmoreland.
Average Westmoreland Tax Bill
$2,436
Average Marshall County Tax Bill
$1,429
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Westmoreland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66549 | $2,436 | $2,436 | $2,436 | $2,436 | $2,436 |
Source: Ownwell