Edgerton, Miami County, Kansas Property Taxes
The median property tax rate in Edgerton, KS is 1.01%, slightly above the national median of 0.99% but below the Kansas state median of 1.43%. With the median home value in Edgerton at $495,050, the typical annual property tax bill reaches $5,216, significantly higher than the national median of $2,690. Property taxes in Edgerton are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Edgerton'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 Edgerton 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
Edgerton, Miami County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$5,000
$4,640
Ownwell’s Edgerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edgerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edgerton 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 Edgerton, Miami County, Kansas
Property taxes in Edgerton, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgerton is 1.01%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Edgerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgerton 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 Edgerton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66021 zip code has the highest median property tax rate of 1.01%, while the 66021 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Edgerton provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edgerton Tax Rate
1.01%
Average Miami County Tax Rate
1.07%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgerton, Miami County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66021 | 0.74% | 0.93% | 1.01% | 1.07% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Edgerton, Miami County, Kansas
In Edgerton, 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 Miami 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 Edgerton, 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 Edgerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 66021 has the highest median tax bill at $5216, while the lowest median tax bill is also in the same zip code at $5216.
Property Tax Assessment Values Across Edgerton, Miami County, Kansas
Source: Ownwell
$137,900
$316,475
$495,050
Average Edgerton Assessed Value
$495,050
Average Miami County Assessed Value
$304,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgerton, Miami County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66021 | $234,064 | $319,590 | $495,050 | $591,495 | $730,362 |
Source: Ownwell
Property Tax Bills Across Edgerton, Miami County, Kansas
In Edgerton, Kansas, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is periodically evaluated by county assessors. For example, with a median home price of $495,050 in Edgerton, the assessed value would be calculated based on this market value. Several factors influence the final tax bill, including the property's location, improvements made, and local tax levies. Homeowners in Edgerton can expect tax bills to vary significantly; the 25th percentile tax bill is around $2,945, while the 75th percentile reaches up to $5,975, and the 90th percentile can be as high as $7,403. These variations reflect differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Edgerton's property taxes can be considered moderate, affecting homeowners' financial planning and overall cost of living in the area.
Average Edgerton Tax Bill
$5,216
Average Miami County Tax Bill
$3,311
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgerton, Miami County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66021 | $1,807 | $2,945 | $5,216 | $5,975 | $7,403 |
Source: Ownwell