New Cambria, Kansas Property Taxes
The median property tax rate in New Cambria, KS is 1.33%, considerably higher than the national median of 0.99% but slightly lower than the Kansas state median of 1.43%. With a median home value of $144,210 in New Cambria, the typical annual property tax bill reaches $1,907, which is below the national median of $2,690. Property taxes in New Cambria 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 New Cambria'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 New Cambria 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
New Cambria, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,918
Ownwell’s New Cambria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Cambria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Cambria 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 New Cambria, Kansas
Property taxes in New Cambria, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Cambria is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Cambria set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Cambria 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 New Cambria's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67470 has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with New Cambria provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Cambria Tax Rate
1.33%
Average Saline County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Cambria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67470 | 0.99% | 1.16% | 1.33% | 1.52% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across New Cambria, Kansas
In New Cambria, Kansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Saline 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 New Cambria, 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 New Cambria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67470 has the highest and lowest median tax bill, both at $1907.00, reflecting the uniformity in property tax rates within the area.
Average New Cambria Assessed Value
$144,210
Average Saline County Assessed Value
$132,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Cambria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67470 | $25,360 | $72,100 | $144,210 | $224,970 | $280,696 |
Source: Ownwell
Property Tax Bills Across New Cambria, Kansas
In New Cambria, located in Saline County, KS, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value, determined by the county assessor, which reflects the property's worth. Various factors such as property size, location, and market trends influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. For instance, with a median home price of $144,210, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,012, while at the 75th percentile, it reaches approximately $2,976. The top 10% of tax bills can go up to $4,081, illustrating the range based on property values and assessments. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, the rates in New Cambria offer a perspective on the local tax burden relative to other regions.
Average New Cambria Tax Bill
$1,907
Average Saline County Tax Bill
$2,055
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across New Cambria, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67470 | $238 | $1,012 | $1,907 | $2,976 | $4,081 |
Source: Ownwell