Hillsdale, Kansas Property Taxes
The median property tax rate in Hillsdale, KS is 0.81%, which is lower than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $137,900 in Hillsdale, the typical annual property tax bill is $1,225, significantly below the national median of $2,690. Property taxes in Hillsdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Hillsdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hillsdale or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hillsdale, 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 Hillsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsdale 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 Hillsdale, Kansas
Property taxes in Hillsdale, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsdale is 0.81%, which is lower than both the Kansas state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Hillsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsdale 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 Hillsdale's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66036 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Hillsdale 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 Hillsdale Tax Rate
0.81%
Average Miami County Tax Rate
1.07%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsdale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66036 | 0.48% | 0.62% | 0.81% | 0.95% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Hillsdale, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hillsdale, Kansas. The market value represents the price a willing buyer would pay a willing seller in an open 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 Hillsdale, 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. The median home price in Hillsdale is $137,900. The tax bill for the 25th percentile is around $300, while the 75th percentile tax bill is approximately $1,815. The highest median tax bill is $1,225 in zip code 66036. By being aware of these valuation processes in Hillsdale, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hillsdale Assessed Value
$137,900
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 Hillsdale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66036 | $33,064 | $46,070 | $137,900 | $221,300 | $255,654 |
Source: Ownwell
Property Tax Bills Across Hillsdale, Kansas
In Hillsdale, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For example, with a median home price of $137,900 in Hillsdale, the tax bill can vary significantly. Homeowners in the 25th percentile see tax bills around $300, while those in the 75th percentile can expect to pay approximately $1,815. At the 90th percentile, tax bills can reach up to $2,401. Several factors influence these amounts, including property location, market conditions, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Hillsdale's property tax rates can be more or less burdensome based on individual assessments and market dynamics. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Hillsdale Tax Bill
$1,225
Average Miami County Tax Bill
$3,311
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsdale, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66036 | $213 | $300 | $1,225 | $1,815 | $2,401 |
Source: Ownwell