Clearwater, Kansas Property Taxes
The median property tax rate in Clearwater, KS is 1.77%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Clearwater, the typical annual property tax bill reaches $2,688, closely aligning with the national median of $2,690. Property taxes in Clearwater 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 Clearwater'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 Clearwater or another part of Sedgwick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clearwater, 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 Clearwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearwater 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 Clearwater, Kansas
Property taxes in Clearwater, Kansas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearwater is 1.77%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Clearwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearwater 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 Clearwater's effective property tax rate to other regions in Kansas and the national median. For comparison, the 67026 zip code has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with Clearwater provides valuable insights into the varying tax landscape across Sedgwick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearwater Tax Rate
1.77%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearwater, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67026 | 1.26% | 1.36% | 1.77% | 1.82% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Clearwater, Kansas
In Clearwater, 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 Sedgwick 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 Clearwater, 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. The highest median tax bill in Clearwater is $2,688 in the 67026 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clearwater Assessed Value
$160,600
Average Sedgwick County Assessed Value
$135,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearwater, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67026 | $37,476 | $94,500 | $160,600 | $230,300 | $324,706 |
Source: Ownwell
Property Tax Bills Across Clearwater, Kansas
In Clearwater, Sedgwick County, KS, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Various factors influence this valuation, including the property's location, size, and condition. Homeowners in Clearwater face property tax bills that vary widely, with the 25th percentile at $1,517 and the 75th percentile reaching $3,770. The highest median tax bill in the area is $2,688, which aligns with the lowest median tax bill, indicating a consistent tax rate across the region. Compared to the national median property tax rate of 0.99%, Clearwater's property tax rate can be considered moderate, impacting homeowners by adding a significant but manageable expense to their annual budgets. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for the costs associated with property ownership in Clearwater.
Average Clearwater Tax Bill
$2,688
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearwater, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67026 | $460 | $1,517 | $2,688 | $3,770 | $5,090 |
Source: Ownwell