Canton, Kansas Property Taxes
The median property tax rate in Canton, KS is 1.60%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Canton, the typical annual property tax bill reaches $1,909, which is below the national median of $2,690. Property taxes in Canton 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 Canton'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 Canton 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
Canton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,923
Ownwell’s Canton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canton 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 Canton, Kansas
Property taxes in Canton, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canton is 1.60%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Canton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canton 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 Canton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67428 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these areas compare with Canton provides valuable insights into the varying tax landscape across McPherson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canton Tax Rate
1.60%
Average Mcpherson County Tax Rate
1.47%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67428 | 1.20% | 1.39% | 1.60% | 1.70% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Canton, Kansas
In Canton, 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 McPherson 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 Canton, 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 Canton is $120,180, with tax bills ranging from $1,148 at the 25th percentile to $3,967 at the 90th percentile. The highest and lowest median tax bills are both $1,909, found in the 67428 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Canton Assessed Value
$120,180
Average Mcpherson County Assessed Value
$161,285
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67428 | $39,554 | $74,100 | $120,180 | $190,080 | $274,092 |
Source: Ownwell
Property Tax Bills Across Canton, Kansas
In Canton, located in McPherson County, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $120,180 in Canton, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $1,148, while those in the 75th percentile could see bills around $2,783. At the 90th percentile, tax bills can reach up to $3,967. Factors influencing these tax bills include the home's market value, local government budgets, and specific tax rates set by McPherson County. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Canton's rates provide a perspective on the local tax burden, highlighting the importance for homeowners to understand their specific tax obligations.
Average Canton Tax Bill
$1,909
Average Mcpherson County Tax Bill
$2,306
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Canton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67428 | $606 | $1,148 | $1,909 | $2,783 | $3,967 |
Source: Ownwell