Kingman, Kansas Property Taxes
The median property tax rate in Kingman, KS is 2.02%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Kingman at $132,430, the typical annual property tax bill reaches $2,890, slightly surpassing the national median of $2,690. Property taxes in Kingman are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kingman'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 Kingman 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
Kingman, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$2,675
$2,482
Ownwell’s Kingman Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kingman using just two pieces of information. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Kingman to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax obligations. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kingman, Kansas
Property taxes in Kingman, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingman is 1.02%, which is slightly higher than the Kansas state median of 1.01% but still above the U.S. national median of 0.99%. Local government entities within Kingman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingman 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 Kingman's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67068 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Kingman provides valuable insights into the varying tax landscape across Kingman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingman Tax Rate
2.02%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67068 | 1.73% | 1.76% | 2.02% | 3.56% | 3.82% |
Source: Ownwell
Property Tax Assessment Values Across Kingman, Kansas
In Kingman, 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 local 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 Kingman, 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 Kingman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67068, with a median tax bill of $2890.
Average Kingman Assessed Value
$132,430
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 Kingman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67068 | $17,905 | $82,422 | $132,430 | $195,998 | $246,136 |
Source: Ownwell
Property Tax Bills Across Kingman, Kansas
In Kingman, Kansas, property tax bills are determined based on 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 calculate the annual property tax bill. Factors such as the home's location, size, and condition can influence its market value, which in turn affects the assessed value and the final tax bill. For homeowners in Kingman, the median home price is $132,430. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,558 and the 75th percentile reaching $4,244. At the higher end, the 90th percentile tax bill is $6,407. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value and the applicable tax rate. Comparatively, the national median property tax rate is 0.99%, and this can provide a benchmark for understanding how local rates in Kingman measure up. Homeowners must consider these factors as they impact their annual financial planning and overall cost of homeownership.
Average Kingman Tax Bill
$2,890
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingman, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67068 | $570 | $1,558 | $2,890 | $4,244 | $6,407 |
Source: Ownwell