Kismet, Kansas Property Taxes
The median property tax rate in Kismet, KS is 2.02%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $87,430 in Kismet, the typical annual property tax bill reaches $1,718, which is still below the national median of $2,690. Property taxes in Kismet are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kismet'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 Kismet or another part of Seward County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kismet, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$1,766
$1,639
Ownwell’s Kismet Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kismet with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Kismet to provide a reliable estimate of your property tax bill. This practical tool offers valuable insights into potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for tax calculations and takes into account any applicable exemptions, ensuring an accurate estimate.
Property Tax Rates Across Kismet, Kansas
Property taxes in Kismet, Kansas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kismet is 2.02%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Kismet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kismet 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 Kismet's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67859 zip code has the highest median property tax rate of 2.02%, while the 67859 zip code also has the lowest median tax rate of 2.02%. Understanding how these cities compare with Kismet provides valuable insights into the varying tax landscape across Seward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kismet Tax Rate
2.02%
Average Seward County Tax Rate
2.01%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kismet, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67859 | 1.90% | 1.98% | 2.02% | 2.04% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Kismet, Kansas
In Kismet, 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 Seward 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 Kismet, 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 Kismet helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 67859, with a tax bill of $1,718, which is significantly above the national median property tax rate of 0.99%.
Average Kismet Assessed Value
$87,430
Average Seward County Assessed Value
$105,380
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kismet, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67859 | $20,882 | $57,615 | $87,430 | $132,755 | $193,458 |
Source: Ownwell
Property Tax Bills Across Kismet, Kansas
In Kismet, located in Seward County, KS, property tax bills are calculated based on the assessed value of your home, which is determined by local tax assessors. The assessed value is a percentage of the market value of your property. Homeowners in Kismet experience a range of property tax bills, with the 25th percentile paying around $1,349 and the 75th percentile paying approximately $2,083 annually. The highest median tax bill in the area is $1,718. Factors that influence your tax bill include the current market value of your home, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Kismet's property taxes can vary significantly. Homeowners should be aware of these factors as property taxes can impact their overall financial planning. Understanding how these elements interact can help homeowners anticipate their annual tax obligations and potentially identify opportunities for savings.
Average Kismet Tax Bill
$1,718
Average Seward County Tax Bill
$2,119
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Kismet, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67859 | $805 | $1,349 | $1,718 | $2,083 | $2,845 |
Source: Ownwell