Chase, Rice County, Kansas Property Taxes
The median property tax rate in Chase, KS is 2.00%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Chase, the typical annual property tax bill reaches $636, which is well below the national median of $2,690. Property taxes in Chase 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 Chase'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 Chase 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
Chase, Rice County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$648
$602
Ownwell’s Chase Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chase with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chase 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 Chase, Rice County, Kansas
Property taxes in Chase, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chase is 2.00%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Chase set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chase 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 Chase's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67524 has the highest median property tax rate of 2.00%, while the same zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Chase 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 Chase Tax Rate
2.00%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chase, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67524 | 1.19% | 1.47% | 2.00% | 2.31% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Chase, Rice County, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chase, Kansas. 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 Chase, 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 Chase helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Chase is $32,415, with the highest median tax bill recorded at $636 in the 67524 zip code.
Property Tax Assessment Values Across Chase, Rice County, Kansas
Source: Ownwell
$21,505
$93,993
$166,480
Average Chase Assessed Value
$32,415
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 Chase, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67524 | $4,835 | $13,260 | $32,415 | $71,642 | $131,515 |
Source: Ownwell
Property Tax Bills Across Chase, Rice County, Kansas
In Chase, located in 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 final tax bill. For instance, with a median home price of $32,415, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $252, while at the 75th percentile, it rises to $1,188. For those at the 90th percentile, the tax bill can reach up to $2,229. These amounts are influenced by several factors, including the home's assessed value and the specific tax rates set by local authorities. Compared to the national median property tax rate of 0.99%, Chase's property taxes can be relatively moderate, depending on the home's value and location within the city. Homeowners need to be aware of these factors as they significantly impact annual expenses and overall affordability.
Average Chase Tax Bill
$636
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Chase, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67524 | $120 | $252 | $636 | $1,188 | $2,229 |
Source: Ownwell