Inman, Mcpherson County, Kansas Property Taxes
The median property tax rate in Inman, Kansas is 1.67%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Inman, the typical annual property tax bill reaches $2,571, slightly below the national median of $2,690. Property taxes in Inman 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 Inman'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 Inman 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
Inman, Mcpherson County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$2,832
$2,628
Ownwell’s INMAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INMAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INMAN 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 Inman, Mcpherson County, Kansas
Property taxes in Inman, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Inman is 1.67%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Inman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Inman 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 Inman's effective property tax rate to other areas in Kansas and the national median. For comparison, the 67546 zip code has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these areas compare with Inman 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 Inman Tax Rate
1.67%
Average Mcpherson County Tax Rate
1.47%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Inman, Mcpherson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | 1.17% | 1.25% | 1.67% | 1.82% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Inman, Mcpherson County, Kansas
In INMAN, 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 INMAN, 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 INMAN 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 is 67546, with a median tax bill of $2571.
Property Tax Assessment Values Across Inman, Mcpherson County, Kansas
Source: Ownwell
$40,240
$157,955
$275,670
Average Inman Assessed Value
$169,590
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 Inman, Mcpherson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | $76,860 | $120,600 | $169,590 | $232,510 | $304,314 |
Source: Ownwell
Property Tax Bills Across Inman, Mcpherson County, Kansas
In the city of Inman, located in McPherson County, Kansas, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Inman experience a range of property tax bills, with the 25th percentile at $1,837 and the 75th percentile reaching $3,465. For those in the 90th percentile, tax bills can go up to $4,808. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Inman's property tax rates can have a significant impact on homeowners' annual expenses. The highest median tax bill in the area is $2,571, found in the zip code 67546. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Inman Tax Bill
$2,571
Average Mcpherson County Tax Bill
$2,306
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Inman, Mcpherson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | $1,169 | $1,837 | $2,571 | $3,465 | $4,808 |
Source: Ownwell