Meade, Kansas Property Taxes
The median property tax rate in Meade, KS is 2.02%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Meade at $66,950, the typical annual property tax bill reaches $1,286, exceeding the national median of $2,690. Property taxes in Meade 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 Meade'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 Meade 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
Meade, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$1,352
Ownwell’s Meade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meade 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 Meade, Kansas
Property taxes in Meade, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meade is 2.02%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Meade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meade 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 Meade's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67864 has the highest median property tax rate of 2.02%, while the same zip code also has the lowest median tax rate of 2.02%. Understanding how these areas compare with Meade provides valuable insights into the varying tax landscape across Meade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meade Tax Rate
2.02%
Average Meade County Tax Rate
2.01%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meade, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67864 | 1.46% | 1.89% | 2.02% | 2.14% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Meade, Kansas
In Meade, 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 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 Meade, 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 Meade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67864 has both the highest and lowest median tax bill at $1,286.
Average Meade Assessed Value
$66,950
Average Meade County Assessed Value
$68,450
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meade, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67864 | $16,450 | $32,100 | $66,950 | $108,650 | $153,610 |
Source: Ownwell
Property Tax Bills Across Meade, Kansas
In Meade, Kansas, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $66,950, homeowners can expect their property tax bill to be influenced by various factors, including the local tax rate and any applicable exemptions. The median property tax bill in Meade is $1,286, which falls within the range seen nationally, where the median property tax rate is 0.99%. The tax bill can vary significantly, with the 25th percentile at $630 and the 75th percentile reaching $2,156. For those at the higher end, the 90th percentile tax bill is $2,899. These variations are influenced by the specific assessed value of each property and the local tax rate applied. Homeowners in Meade need to be aware of these factors, as they directly impact their annual financial obligations. Understanding how these elements interplay can help homeowners better plan for and potentially appeal their property tax bills.
Average Meade Tax Bill
$1,286
Average Meade County Tax Bill
$1,357
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Meade, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67864 | $332 | $630 | $1,286 | $2,156 | $2,899 |
Source: Ownwell