Rose Hill, Kansas Property Taxes
The median property tax rate in Rose Hill, KS is 1.33%, notably higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Rose Hill, the typical annual property tax bill amounts to $2,622, which is below the national median of $2,690. Property taxes in Rose Hill are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rose Hill'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 Rose Hill 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
Rose Hill, 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 Rose Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rose Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rose Hill 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 Rose Hill, Kansas
Property taxes in Rose Hill, Kansas, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Rose Hill is 1.33%, which is higher than the U.S. national median of 0.99%. Local government entities within Rose Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rose Hill 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 Rose Hill's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67133 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 Rose Hill 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 Rose Hill Tax Rate
1.33%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rose Hill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67133 | 1.23% | 1.30% | 1.33% | 1.34% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Rose Hill, Kansas
In Rose Hill, 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 Rose Hill, 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 the area is $2,622 in zip code 67133, while the lowest is also $2,622 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rose Hill Assessed Value
$198,055
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 Rose Hill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67133 | $67,260 | $93,398 | $198,055 | $221,275 | $284,410 |
Source: Ownwell
Property Tax Bills Across Rose Hill, Kansas
In Rose Hill, Sedgwick County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the total tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, the median home price in Rose Hill is $198,055. Homeowners in the 25th percentile can expect a tax bill of around $1,662, while those in the 75th percentile might see bills as high as $2,940. The 90th percentile tax bills can reach up to $3,728. These figures illustrate how property taxes can vary significantly within the same community. Compared to the national median property tax rate of 0.99%, Rose Hill's property tax rates can be considered moderate. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Rose Hill Tax Bill
$2,622
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Rose Hill, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67133 | $877 | $1,662 | $2,622 | $2,940 | $3,728 |
Source: Ownwell