Osawatomie, Kansas Property Taxes
The median property tax rate in Osawatomie, KS is 1.72%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $153,400 in Osawatomie, the typical annual property tax bill reaches $2,392, which is below the national median of $2,690. Property taxes in Osawatomie 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 Osawatomie'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 Osawatomie 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
Osawatomie, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$2,638
Ownwell’s Osawatomie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osawatomie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osawatomie 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 Osawatomie, Kansas
Property taxes in Osawatomie, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osawatomie is 1.72%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Osawatomie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Osawatomie 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 Osawatomie's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66064 zip code has both the highest and the lowest median property tax rate of 1.72%. Understanding how these cities compare with Osawatomie 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 Osawatomie Tax Rate
1.72%
Average Miami County Tax Rate
1.07%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osawatomie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66064 | 0.90% | 1.00% | 1.72% | 1.88% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Osawatomie, Kansas
In Osawatomie, 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. 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 Osawatomie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Osawatomie are both $2392.00, found in the zip code 66064.
Average Osawatomie Assessed Value
$153,400
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 Osawatomie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66064 | $56,622 | $97,110 | $153,400 | $244,700 | $342,500 |
Source: Ownwell
Property Tax Bills Across Osawatomie, Kansas
In Osawatomie, Miami County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Osawatomie is $153,400. Property tax rates in this region are influenced by various factors including local government budgets, school funding needs, and public services. Homeowners in Osawatomie can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,537, while the 75th percentile tax bill climbs to $3,264, and the 90th percentile can reach up to $4,278. The highest median tax bill in the area is $2,392, which is relatively higher compared to the national median property tax rate of 0.99%. These figures illustrate the range of property tax obligations homeowners might face, depending on the assessed value of their property and the specific tax rate applied. Understanding these factors is crucial for homeowners when budgeting for annual expenses and assessing the overall affordability of their property.
Average Osawatomie Tax Bill
$2,392
Average Miami County Tax Bill
$3,311
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Osawatomie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66064 | $763 | $1,537 | $2,392 | $3,264 | $4,278 |
Source: Ownwell