Windom, Kansas Property Taxes
The median property tax rate in Windom, KS is 1.66%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Windom at $156,285, the typical annual property tax bill reaches $2,843, exceeding the national median of $2,690. Property taxes in Windom 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 Windom'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 Windom 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
Windom, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$2,594
$2,407
Ownwell’s Windom Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Windom with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Windom to provide an accurate estimate of your property tax bill. This valuable tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down for localized information. Remember, your property's assessed value is determined by Rice County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Windom, Kansas
Property taxes in Windom, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windom is 1.66%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Windom set these rates annually, and they can vary considerably across different neighborhoods. Each year, Windom 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 Windom's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67491 has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Windom 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 Windom Tax Rate
1.66%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windom, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67491 | 1.30% | 1.51% | 1.66% | 2.01% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Windom, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Windom, 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 Windom, 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 Windom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Windom is $2,843 in the 67491 zip code, while the lowest is also $2,843 in the same zip code.
Average Windom Assessed Value
$156,285
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 Windom, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67491 | $44,021 | $86,455 | $156,285 | $243,812 | $293,538 |
Source: Ownwell
Property Tax Bills Across Windom, Kansas
In Windom, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, if the median home price in Windom is $156,285, the assessed value would be a fraction of this amount, as dictated by local regulations. Several factors influence the final tax bill, including the local tax rate and any applicable exemptions or deductions. For example, the tax bill for homes in the 25th percentile is around $1,647, while those in the 75th percentile see bills closer to $4,493. High-value properties, such as those in the 90th percentile, may face tax bills up to $5,292. These property taxes fund essential community services like schools, fire departments, and public infrastructure. Homeowners in Windom should be aware of these factors as they directly impact their annual financial obligations and the quality of local public services.
Average Windom Tax Bill
$2,843
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Windom, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67491 | $853 | $1,647 | $2,843 | $4,493 | $5,292 |
Source: Ownwell