Norwich, Kansas Property Taxes
The median property tax rate in Norwich, Kansas is 1.17%, which is higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Norwich, the typical annual property tax bill reaches $4,769, significantly exceeding the national median of $2,690. Property taxes in Norwich are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Norwich'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 Norwich 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
Norwich, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$4,758
Ownwell’s Norwich Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Norwich with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Norwich to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities clearly. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Sedgwick County for property tax calculations, and it accounts for any applicable exemptions, ensuring you have a comprehensive understanding of your property tax obligations.
Property Tax Rates Across Norwich, Kansas
Property taxes in Norwich, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Norwich is 1.17%, which is higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Norwich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Norwich 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 Norwich's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67118 has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Norwich 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 Norwich Tax Rate
1.17%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Norwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67118 | 1.12% | 1.14% | 1.17% | 1.20% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Norwich, Kansas
In Norwich, 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 Norwich, 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 Norwich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67118 has both the highest and lowest median tax bill at $4,769.
Average Norwich Assessed Value
$406,690
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 Norwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67118 | $372,898 | $385,570 | $406,690 | $427,810 | $440,482 |
Source: Ownwell
Property Tax Bills Across Norwich, Kansas
In Norwich, Sedgwick County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's market value, the local tax rate, and any applicable exemptions or deductions. For homeowners in Norwich, the median home price is $406,690. The tax bill for the 25th percentile is $4,396, while the 75th percentile sees a tax bill of $5,142. At the 90th percentile, the tax bill rises to $5,366. These figures indicate a range of property tax burdens, reflecting variations in home values and specific property characteristics. Compared to the national median property tax rate of 0.99%, homeowners in Norwich experience a relatively higher tax burden. This impacts homeowners by influencing their overall housing costs and potentially affecting decisions related to buying or selling property in the area.
Average Norwich Tax Bill
$4,769
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Norwich, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67118 | $4,172 | $4,396 | $4,769 | $5,142 | $5,366 |
Source: Ownwell