Pretty Prairie, Kansas Property Taxes
The median property tax rate in Pretty Prairie, KS is 2.59%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Pretty Prairie at $85,000, the typical annual property tax bill reaches $1,902, which is below the national median of $2,690. Property taxes in Pretty Prairie 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 Pretty Prairie'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 Pretty Prairie 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
Pretty Prairie, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.59%
Estimate Property Tax Bill
$2,202
Ownwell’s Pretty Prairie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pretty Prairie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pretty Prairie 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 Pretty Prairie, Kansas
Property taxes in Pretty Prairie, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pretty Prairie is 2.59%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Pretty Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pretty Prairie 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 Pretty Prairie's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67570 has the highest median property tax rate of 2.59%, while the same zip code also has the lowest median tax rate of 2.59%. Understanding how these cities compare with Pretty Prairie 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 Pretty Prairie Tax Rate
2.59%
Average Reno County Tax Rate
1.97%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pretty Prairie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67570 | 1.69% | 1.78% | 2.59% | 2.63% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Pretty Prairie, Kansas
In Pretty Prairie, 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 Pretty Prairie, 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 example, the median home price in Pretty Prairie is $85,000, with tax bills ranging from $1,325 at the 25th percentile to $3,791 at the 90th percentile. 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 Pretty Prairie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pretty Prairie Assessed Value
$85,000
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 Pretty Prairie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67570 | $24,734 | $53,200 | $85,000 | $122,630 | $177,938 |
Source: Ownwell
Property Tax Bills Across Pretty Prairie, Kansas
In Pretty Prairie, located in Reno County, KS, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property, determined by the county assessor. For instance, if the median home price is $85,000, the assessed value will be a fraction of this amount. The tax rate is then applied to the assessed value to determine the annual tax bill. Several factors influence this calculation, including property size, location, and any applicable exemptions or deductions. Homeowners might find their tax bills varying significantly. For example, the 25th percentile tax bill in Pretty Prairie is $1,325, while the 75th percentile tax bill reaches $2,749, and the 90th percentile is as high as $3,791. These figures highlight how property taxes can impact homeowners differently, often depending on the specific characteristics and assessed values of their properties. Compared to the national median property tax rate of 0.99%, Pretty Prairie's tax bills reflect the local dynamics and valuation methods.
Average Pretty Prairie Tax Bill
$1,902
Average Reno County Tax Bill
$1,843
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Pretty Prairie, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67570 | $722 | $1,325 | $1,902 | $2,749 | $3,791 |
Source: Ownwell