Alden, Rice County, Kansas Property Taxes
The median property tax rate in Alden, KS is 1.14%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $48,170 in Alden, the typical annual property tax bill is approximately $503, significantly below the national median of $2,690. Property taxes in Alden are calculated based on the assessed value, which is often less than the market value due to exemptions such as 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 Rice County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alden, Rice County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$549
$510
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, Rice County, 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 1.14%, significantly higher than 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 areas in Rice County and the national median. For comparison, the zip code 67512 has the highest median property tax rate of 1.14%, while the same zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Alden provides valuable insights into the varying tax landscape across Rice County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alden Tax Rate
1.14%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alden, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67512 | 0.79% | 0.98% | 1.14% | 1.24% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Alden, Rice County, 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 Rice 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. Notably, the zip code 67512 has both the highest and lowest median tax bill at $503.
Property Tax Assessment Values Across Alden, Rice County, Kansas
Source: Ownwell
$21,505
$93,993
$166,480
Average Alden Assessed Value
$48,170
Average Rice County Assessed Value
$67,595
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alden, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67512 | $8,162 | $23,588 | $48,170 | $96,672 | $191,828 |
Source: Ownwell
Property Tax Bills Across Alden, Rice County, Kansas
In Alden, Rice County, KS, property tax bills are calculated 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 determine the tax bill. For instance, with a median home price of $48,170, homeowners can expect varying tax bills depending on their property's assessed value and applicable tax rate. Factors such as property location, improvements, and market conditions influence the assessed value. Tax bills in Alden can range significantly, with the 25th percentile at $240 and the 75th percentile at $1,214. The 90th percentile reaches up to $2,496, indicating that higher-valued properties incur substantially higher taxes. Compared to the national median property tax rate of 0.99%, Alden's tax rates can have a notable impact on homeowners, potentially affecting affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Alden Tax Bill
$503
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Alden, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67512 | $83 | $240 | $503 | $1,214 | $2,496 |
Source: Ownwell