Sterling, Kansas Property Taxes
The median property tax rate in Sterling, KS is 1.59%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Sterling, the typical annual property tax bill reaches $1,474, exceeding the national median of $2,690. Property taxes in Sterling are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sterling'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 Sterling 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
Sterling, 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 Sterling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sterling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sterling 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 Sterling, Kansas
Property taxes in Sterling, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sterling is 1.59%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Sterling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterling 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 Sterling's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 67579 has both the highest and lowest median property tax rate of 1.59%. Understanding how these areas compare with Sterling 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 Sterling Tax Rate
1.59%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sterling, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67579 | 1.13% | 1.35% | 1.59% | 1.71% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Sterling, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sterling, Kansas. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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. Assessment notices in Sterling 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, in Sterling's zip code 67579, the median tax bill is $1,474, reflecting the highest and lowest median tax bills in the region. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sterling Assessed Value
$94,860
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 Sterling, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67579 | $18,332 | $41,540 | $94,860 | $161,340 | $237,144 |
Source: Ownwell
Property Tax Bills Across Sterling, Kansas
In Sterling, Kansas, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Rice County Assessor, who evaluates the market value of the property and then applies an assessment ratio to arrive at the assessed value. For example, if a home has a market value of $94,860, the assessed value will be a percentage of this amount, as determined by local regulations. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. In Sterling, the median property tax rate is lower than the national median of 0.99%. Homeowners in Sterling can expect to pay a tax bill ranging from $623 at the 25th percentile to $3,789 at the 90th percentile. The highest median tax bill in the area is $1,474. These property taxes fund essential community services, such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Sterling.
Average Sterling Tax Bill
$1,474
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterling, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67579 | $271 | $623 | $1,474 | $2,546 | $3,789 |
Source: Ownwell