Glen Elder, Mitchell County, Kansas Property Taxes
The median property tax rate in Glen Elder, KS is 1.41%, slightly lower than the Kansas state median of 1.43% but still higher than the national median of 0.99%. With the median home value in Glen Elder at $87,785, the typical annual property tax bill amounts to $1,042, which is below the national median of $2,690. Property taxes in Glen Elder are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Glen Elder'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 Glen Elder or elsewhere in Mitchell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Elder, Mitchell County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,238
$1,149
Ownwell’s Glen Elder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Elder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Elder 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 Glen Elder, Mitchell County, Kansas
Property taxes in Glen Elder, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Elder is 1.41%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Glen Elder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Elder 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 Glen Elder's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67446 zip code has both the highest and lowest median property tax rate of 1.41%. Understanding how these cities compare with Glen Elder provides valuable insights into the varying tax landscape across Mitchell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Elder Tax Rate
1.41%
Average Mitchell County Tax Rate
1.74%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Elder, Mitchell County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67446 | 0.92% | 1.12% | 1.41% | 1.75% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Glen Elder, Mitchell County, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glen Elder, Kansas. The market value represents 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 Mitchell 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 Glen Elder, 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 Glen Elder is $87,785, with tax bills ranging from $533 at the 25th percentile to $2,861 at the 90th percentile. Knowing these valuation processes helps identify opportunities for protesting assessments or applying for exemptions, effectively managing the tax burden. The zip code 67446 has both the highest and lowest median tax bill at $1,042.
Property Tax Assessment Values Across Glen Elder, Mitchell County, Kansas
Source: Ownwell
$61,520
$85,460
$109,400
Average Glen Elder Assessed Value
$87,785
Average Mitchell County Assessed Value
$95,190
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Elder, Mitchell County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67446 | $10,439 | $48,950 | $87,785 | $135,600 | $214,310 |
Source: Ownwell
Property Tax Bills Across Glen Elder, Mitchell County, Kansas
In Glen Elder, located in Mitchell County, KS, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property. For instance, with the median home price being $87,785, homeowners can expect their property taxes to be influenced by this valuation. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors contribute to the calculation of property tax bills, including property size, location, and any applicable exemptions or deductions. In Glen Elder, the tax bill can vary significantly, with the 25th percentile at $533 and the 75th percentile at $1,708. For those at the 90th percentile, the tax bill can reach up to $2,861. Compared to the national median property tax rate of 0.99%, Glen Elder’s property taxes reflect local economic conditions and funding requirements for public services. This variability in tax bills significantly impacts homeowners, influencing their financial planning and overall cost of living.
Average Glen Elder Tax Bill
$1,042
Average Mitchell County Tax Bill
$1,504
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Elder, Mitchell County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67446 | $213 | $533 | $1,042 | $1,708 | $2,861 |
Source: Ownwell