New Cambria, Kansas Property Taxes
The median property tax rate in New Cambria, KS is 1.90%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in New Cambria at $219,175, the typical annual property tax bill reaches $4,840, exceeding the national median of $2,690. Property taxes in New Cambria 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 New Cambria'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 New Cambria 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
New Cambria, 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 New Cambria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Cambria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Cambria 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 New Cambria, Kansas
Property taxes in New Cambria, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in New Cambria is 1.90%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within New Cambria set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Cambria 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 New Cambria's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67470 has the highest median property tax rate of 1.90%, while the same zip code also has the lowest median tax rate of 1.90%. Understanding how these cities compare with New Cambria provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Cambria Tax Rate
1.90%
Average Ottawa County Tax Rate
1.87%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Cambria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67470 | 1.73% | 1.78% | 1.90% | 2.40% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across New Cambria, Kansas
In New Cambria, 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 Ottawa 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 New Cambria, 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. The median home price in New Cambria is $219,175, with tax bills ranging from $2,869 at the 25th percentile to $9,069 at the 90th percentile. The highest and lowest median tax bills are both $4,840, found in the 67470 zip code. 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 New Cambria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Cambria Assessed Value
$219,175
Average Ottawa County Assessed Value
$109,750
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Cambria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67470 | $122,965 | $162,312 | $219,175 | $338,370 | $363,395 |
Source: Ownwell
Property Tax Bills Across New Cambria, Kansas
In New Cambria, KS, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. For example, in Ottawa County, the median home price is $219,175. Property taxes are then calculated by applying the local tax rate to the assessed value. The national median property tax rate is 0.99%, but local rates may vary. Several factors influence the final tax bill, including property location, home size, and any applicable exemptions. For instance, the 25th percentile tax bill in New Cambria is $2,869, while the 75th percentile tax bill reaches $7,166, and the 90th percentile can go as high as $9,069. These variations highlight how different factors can significantly impact the tax burden on homeowners. Understanding these elements helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average New Cambria Tax Bill
$4,840
Average Ottawa County Tax Bill
$1,977
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across New Cambria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67470 | $2,195 | $2,869 | $4,840 | $7,166 | $9,069 |
Source: Ownwell