Hutchinson, Kansas Property Taxes
The median property tax rate in Hutchinson, KS is 1.97%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Hutchinson at $97,180, the typical annual property tax bill reaches $1,887, which is below the national median of $2,690. Property taxes in Hutchinson 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 Hutchinson'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 Hutchinson 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
Hutchinson, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.97%
Estimate Property Tax Bill
$1,914
$1,777
Ownwell’s Hutchinson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hutchinson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hutchinson 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 Hutchinson, Kansas
Property taxes in Hutchinson, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hutchinson is 1.97%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Hutchinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hutchinson 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 Hutchinson's effective property tax rate to other areas in Kansas and the national median. For comparison, the 67501 zip code has the highest median property tax rate of 1.99%, while the 67502 zip code has the lowest median tax rate of 1.95%. Understanding how these areas compare with Hutchinson 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 Hutchinson Tax Rate
1.97%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hutchinson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67501 | 1.77% | 1.96% | 1.99% | 2.04% | 2.16% |
| 67502 | 1.76% | 1.93% | 1.95% | 1.97% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Hutchinson, Kansas
In Hutchinson, 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 Hutchinson, 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. For instance, the median home price in Hutchinson is $97,180, with tax bills ranging from $1,160 at the 25th percentile to $4,436 at the 90th percentile. The highest median tax bill is $2,808 in zip code 67502, while the lowest is $1,229 in zip code 67501. By understanding 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 Hutchinson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hutchinson Assessed Value
$97,180
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 Hutchinson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67501 | $25,132 | $39,840 | $61,910 | $88,200 | $124,096 |
| 67502 | $80,358 | $110,002 | $145,700 | $196,838 | $283,719 |
Source: Ownwell
Property Tax Bills Across Hutchinson, Kansas
In Hutchinson, located in Reno County, KS, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $97,180, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $1,160, while at the 75th percentile, it jumps to approximately $2,938. The highest median tax bill in the area, found in the 67502 zip code, reaches $2,808, whereas the lowest median tax bill, in the 67501 zip code, is $1,229. These figures highlight how location and property value influence the tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Hutchinson's rates can be relatively high, impacting homeowners' annual expenses and potentially influencing decisions on property investments and homeownership.
Average Hutchinson Tax Bill
$1,887
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Hutchinson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67501 | $540 | $814 | $1,229 | $1,722 | $2,354 |
| 67502 | $1,567 | $2,120 | $2,808 | $3,834 | $5,645 |
Source: Ownwell