Abbyville, Kansas Property Taxes
The median property tax rate in Abbyville, KS is 1.91%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Abbyville at $77,350, the typical annual property tax bill reaches $1,486, exceeding the national median of $2,690. Property taxes in Abbyville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Abbyville'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 Abbyville or another part of Reno County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Abbyville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$1,477
$1,371
Ownwell’s Abbyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abbyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abbyville 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 Abbyville, Kansas
Property taxes in Abbyville, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abbyville is 1.91%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Abbyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abbyville 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 Abbyville's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67510 has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with Abbyville provides valuable insights into the varying tax landscape across Reno County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abbyville Tax Rate
1.91%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abbyville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67510 | 1.73% | 1.82% | 1.91% | 2.39% | 3.20% |
Source: Ownwell
Property Tax Assessment Values Across Abbyville, Kansas
In Abbyville, 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 Reno 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 Abbyville, 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 Abbyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Abbyville is $1,486 in zip code 67510, while the lowest median tax bill is also $1,486 in the same zip code.
Average Abbyville Assessed Value
$77,350
Average Reno County Assessed Value
$94,015
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abbyville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67510 | $8,252 | $35,160 | $77,350 | $130,270 | $166,974 |
Source: Ownwell
Property Tax Bills Across Abbyville, Kansas
In Abbyville, KS, property tax bills are derived from the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $77,350, homeowners can expect varying tax bills depending on specific factors like property location and improvements. The tax bill can range significantly, with the 25th percentile at $682, the 75th percentile at $2,604, and the 90th percentile reaching up to $3,360. These variations highlight how different factors, such as neighborhood and property enhancements, can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Abbyville might find their tax bills to be relatively moderate or high, depending on their property's assessed value. This tax obligation impacts homeowners by influencing their annual budgeting and long-term financial planning, making it crucial to understand how these taxes are calculated and what factors contribute to their final amount.
Average Abbyville Tax Bill
$1,486
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Abbyville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67510 | $219 | $682 | $1,486 | $2,604 | $3,360 |
Source: Ownwell