Manhattan, Kansas Property Taxes
The median property tax rate in Manhattan, KS is 1.06%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Manhattan at $307,910, the typical annual property tax bill reaches $3,399, surpassing the national median of $2,690. Property taxes in Manhattan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Manhattan'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 Manhattan 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
Manhattan, 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 Manhattan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manhattan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manhattan 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 Manhattan, Kansas
Property taxes in Manhattan, Kansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Manhattan is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Manhattan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manhattan 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 Manhattan's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66502 has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Manhattan provides valuable insights into the varying tax landscape across Pottawatomie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manhattan Tax Rate
1.06%
Average Pottawatomie County Tax Rate
1.01%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66502 | 0.14% | 0.95% | 1.06% | 1.40% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Manhattan, Kansas
In Manhattan, 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 Pottawatomie 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 Manhattan, 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 Manhattan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 66502 has the highest and lowest median tax bill at $3399.
Average Manhattan Assessed Value
$307,910
Average Pottawatomie County Assessed Value
$216,600
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66502 | $182,710 | $240,430 | $307,910 | $351,500 | $394,000 |
Source: Ownwell
Property Tax Bills Across Manhattan, Kansas
Property tax bills in Manhattan, KS, are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the local tax rate set by the county. Homeowners in Manhattan experience varying tax bills. For instance, the tax bill at the 25th percentile is $2,125, while at the 75th percentile, it rises to $4,361. The highest tax bills, at the 90th percentile, can reach up to $5,002. These figures indicate a significant range in property tax obligations, reflecting differences in property values and applicable exemptions. Comparatively, the national median property tax rate is 0.99%, making the tax rates in Manhattan competitive. This variability in tax bills affects homeowners by influencing their overall housing costs, potentially impacting their financial planning and homeownership decisions.
Average Manhattan Tax Bill
$3,399
Average Pottawatomie County Tax Bill
$2,156
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Manhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66502 | $415 | $2,125 | $3,399 | $4,361 | $5,002 |
Source: Ownwell