Inman, Rice County, Kansas Property Taxes
The median property tax rate in Inman, KS is 1.67%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Inman at $166,480, the typical annual property tax bill reaches $2,985, exceeding the national median of $2,690. Property taxes in Inman 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 Inman'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 Inman 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
Inman, Rice County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$2,780
$2,580
Ownwell’s INMAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INMAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INMAN 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 Inman, Rice County, Kansas
Property taxes in Inman, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Inman is 1.67%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Inman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Inman 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 Inman's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67546 zip code has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Inman 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 Inman Tax Rate
1.67%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Inman, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | 1.38% | 1.54% | 1.67% | 1.81% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Inman, Rice County, Kansas
In Inman, 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 Inman, 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 instance, the median home price in Inman is $166,480, with tax bills varying widely. The 25th percentile tax bill is $1,694, while the 75th percentile reaches $3,790, and the 90th percentile can be as high as $4,853. The highest and lowest median tax bill, both at $2,985, are found in the 67546 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Inman, Rice County, Kansas
Source: Ownwell
$21,505
$93,993
$166,480
Average Inman Assessed Value
$166,480
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 Inman, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | $53,860 | $105,588 | $166,480 | $226,048 | $289,645 |
Source: Ownwell
Property Tax Bills Across Inman, Rice County, Kansas
Inman, located in Rice County, Kansas, calculates property tax bills based on the assessed value of a home, which is a percentage of its market value. The median home price in Inman is $166,480. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $1,694 and the 75th percentile reaching $3,790. The 90th percentile tax bill can be as high as $4,853. These figures indicate a wide range of property tax obligations, reflecting differences in home values and assessment rates. The property tax rate in Inman is influenced by local government budgets and the needs of public services such as schools, infrastructure, and emergency services. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Inman should be aware of these factors as they directly impact annual property tax bills and overall housing costs.
Average Inman Tax Bill
$2,985
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Inman, Rice County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67546 | $769 | $1,694 | $2,985 | $3,790 | $4,853 |
Source: Ownwell