Alden, Kansas Property Taxes
The median property tax rate in Alden, KS is 1.96%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Alden, the typical annual property tax bill reaches $2,268, slightly below the national median of $2,690. Property taxes in Alden 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 Alden'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 Alden 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
Alden, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$2,318
$2,151
Ownwell’s Alden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alden 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 Alden, Kansas
Property taxes in Alden, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alden is 1.96%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Alden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alden 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 Alden's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67512 has both the highest and lowest median property tax rate of 1.96%. Understanding how these cities compare with Alden 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 Alden Tax Rate
1.96%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67512 | 1.87% | 1.90% | 1.96% | 2.02% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Alden, Kansas
In Alden, 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 Alden, 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 Alden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Alden, the highest and lowest median tax bills are both $2,268, occurring in the 67512 zip code.
Average Alden Assessed Value
$118,280
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 Alden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67512 | $85,568 | $97,835 | $118,280 | $138,725 | $150,992 |
Source: Ownwell
Property Tax Bills Across Alden, Kansas
Property tax bills in Alden, located in Reno County, KS, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, determined by local assessors. For homeowners in Alden, the median home price is $118,280. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Alden, the 25th percentile tax bill is $1,936, while the 75th percentile tax bill reaches $2,600. At the 90th percentile, homeowners might expect to pay around $2,800. Comparatively, the national median property tax rate is 0.99%, making Alden's rates relatively moderate. These property taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual obligations and manage their finances effectively.
Average Alden Tax Bill
$2,268
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Alden, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67512 | $1,737 | $1,936 | $2,268 | $2,600 | $2,800 |
Source: Ownwell