Valley Center, Kansas Property Taxes
The median property tax rate in Valley Center, KS is 1.68%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Valley Center at $169,400, the typical annual property tax bill reaches $2,834, exceeding the national median of $2,690. Property taxes in Valley Center 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 Valley Center'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 Valley Center 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
Valley Center, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$2,846
Ownwell’s Valley Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valley Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valley Center 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 Valley Center, Kansas
Property taxes in Valley Center, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valley Center is 1.68%, significantly higher than the U.S. national median of 0.99%. Local government entities within Valley Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valley Center 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 Valley Center's effective property tax rate to other areas in Kansas and the national median. For comparison, the 67147 zip code has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Valley Center 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 Valley Center Tax Rate
1.68%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valley Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67147 | 1.40% | 1.63% | 1.68% | 1.70% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Valley Center, Kansas
In Valley Center, 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 Valley Center, 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 Valley Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67147 has the highest median tax bill at $2,834, while the lowest median tax bill is also in the same zip code at $2,834.
Average Valley Center Assessed Value
$169,400
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 Valley Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67147 | $64,875 | $107,485 | $169,400 | $217,935 | $320,620 |
Source: Ownwell
Property Tax Bills Across Valley Center, Kansas
In Valley Center, Sedgwick County, KS, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The county assessor determines the market value, and then an assessment ratio is applied to find the assessed value. Various factors such as property size, location, and condition influence this valuation. The tax rate, set by local taxing authorities, is then applied to the assessed value to calculate the property tax bill. The median home price in Valley Center is $169,400, with tax bills ranging from $1,749 at the 25th percentile to $5,259 at the 90th percentile. This variation reflects differences in property values and applicable exemptions. Homeowners in Valley Center face a median property tax rate that can significantly impact their finances. With the national median property tax rate at 0.99%, local rates can either ease or add to the financial burden, depending on how they compare. Understanding these factors helps homeowners anticipate their annual tax liabilities and plan accordingly.
Average Valley Center Tax Bill
$2,834
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Valley Center, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67147 | $997 | $1,749 | $2,834 | $3,917 | $5,259 |
Source: Ownwell