Nickerson, Kansas Property Taxes
The median property tax rate in Nickerson, KS is 2.21%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Nickerson at $64,680, the typical annual property tax bill reaches $1,345, still below the national median of $2,690. Property taxes in Nickerson 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 Nickerson'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 Nickerson 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
Nickerson, 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 Nickerson Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Nickerson. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Nickerson to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for financial planning. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value, determined by the county, plays a crucial role in these calculations and may include applicable exemptions.
Property Tax Rates Across Nickerson, Kansas
Property taxes in Nickerson, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nickerson is 2.21%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Nickerson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nickerson 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 Nickerson's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67561 has both the highest and lowest median property tax rate of 2.21%. Understanding how these cities compare with Nickerson 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 Nickerson Tax Rate
2.21%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nickerson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67561 | 1.53% | 2.02% | 2.21% | 2.26% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Nickerson, Kansas
In Nickerson, 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 Nickerson, 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. The median home price in Nickerson is $64,680. Homeowners in the 25th percentile can expect a tax bill around $879, while those in the 75th percentile may see bills up to $1,955. The highest and lowest median tax bills are both $1,345 in the zip code 67561. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Nickerson Assessed Value
$64,680
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 Nickerson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67561 | $17,265 | $40,375 | $64,680 | $98,898 | $152,925 |
Source: Ownwell
Property Tax Bills Across Nickerson, Kansas
In Nickerson, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Nickerson is $64,680. Tax rates in this region are applied to the assessed value to determine the annual tax bill. Homeowners in Nickerson can expect to pay property taxes that typically fall between $879 at the 25th percentile and $2,929 at the 90th percentile, with the median tax bill being $1,345. Several factors influence the tax bill, including the home's market value, local tax rates, and any applicable exemptions or deductions. These property taxes fund essential public services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Nickerson's tax rates can significantly impact homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Nickerson Tax Bill
$1,345
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Nickerson, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67561 | $390 | $879 | $1,345 | $1,955 | $2,929 |
Source: Ownwell