Tecumseh, Kansas Property Taxes
The median property tax rate in Tecumseh, KS is 1.48%, notably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $228,340 in Tecumseh, the typical annual property tax bill reaches $3,377, surpassing the national median of $2,690. Property taxes in Tecumseh are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tecumseh'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 Tecumseh or another part of Shawnee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tecumseh, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$3,379
$3,136
Ownwell’s Tecumseh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tecumseh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tecumseh 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 Tecumseh, Kansas
Property taxes in Tecumseh, Kansas, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tecumseh is 1.48%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Tecumseh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tecumseh 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 Tecumseh's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66542 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Tecumseh provides valuable insights into the varying tax landscape across Shawnee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tecumseh Tax Rate
1.48%
Average Shawnee County Tax Rate
1.48%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tecumseh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66542 | 1.43% | 1.47% | 1.48% | 1.53% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Tecumseh, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tecumseh, Kansas. 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 Shawnee 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 Tecumseh, 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. For instance, the median home price in Tecumseh is $228,340, with tax bills ranging from $2,423 at the 25th percentile to $5,776 at the 90th percentile. Notably, the zip code 66542 has the highest and lowest median tax bill at $3,377. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tecumseh Assessed Value
$228,340
Average Shawnee County Assessed Value
$146,140
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tecumseh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66542 | $34,315 | $166,418 | $228,340 | $301,120 | $376,650 |
Source: Ownwell
Property Tax Bills Across Tecumseh, Kansas
In Tecumseh, Shawnee County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For homeowners, several factors influence the tax bill, including the home’s assessed value, the local tax rate, and any applicable exemptions. For instance, the median home price in Tecumseh is $228,340. With property tax rates in Shawnee County, homeowners can expect a range of tax bills. At the 25th percentile, the tax bill is around $2,423, while at the 75th percentile, it rises to approximately $4,743. The 90th percentile sees tax bills as high as $5,776. Comparatively, the national median property tax rate is 0.99%, highlighting that property taxes in Tecumseh can vary significantly based on property values and local rates. These tax bills are crucial as they contribute to local services such as schools, infrastructure, and emergency services, directly impacting the community.
Average Tecumseh Tax Bill
$3,377
Average Shawnee County Tax Bill
$2,160
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Tecumseh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66542 | $715 | $2,423 | $3,377 | $4,743 | $5,776 |
Source: Ownwell