Wakarusa, Kansas Property Taxes
The median property tax rate in Wakarusa, KS is 1.45%, which is notably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $212,605 in Wakarusa, the typical annual property tax bill amounts to $3,001, surpassing the national median of $2,690. Property taxes in Wakarusa are determined 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 Wakarusa'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 Wakarusa 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
Wakarusa, 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 Wakarusa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wakarusa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wakarusa 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 Wakarusa, Kansas
Property taxes in Wakarusa, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wakarusa is 1.40%, higher than both the Kansas state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Wakarusa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wakarusa 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 Wakarusa's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66546 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Wakarusa 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 Wakarusa Tax Rate
1.45%
Average Shawnee County Tax Rate
1.48%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wakarusa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66546 | 1.30% | 1.40% | 1.45% | 1.47% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Wakarusa, Kansas
In Wakarusa, 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 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 Wakarusa, 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 Wakarusa 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 66546, with a median bill of $3001.
Average Wakarusa Assessed Value
$212,605
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 Wakarusa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66546 | $32,779 | $91,738 | $212,605 | $297,532 | $377,860 |
Source: Ownwell
Property Tax Bills Across Wakarusa, Kansas
In Wakarusa, located in Shawnee County, KS, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For a median home price of $212,605, the property tax rate is applied to the assessed value to calculate the annual tax bill. Factors such as the property's location, size, and improvements can influence its assessed value. Homeowners in Wakarusa can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,189, while those in the 75th percentile pay approximately $4,272. The highest tax bills, at the 90th percentile, can reach up to $5,599. These figures illustrate the range of property tax obligations that homeowners might encounter, impacting their annual budgeting and financial planning. Comparatively, Wakarusa's property tax rates can be higher than the national median property tax rate of 0.99%, emphasizing the importance of understanding how local assessments and rates affect individual tax bills.
Average Wakarusa Tax Bill
$3,001
Average Shawnee County Tax Bill
$2,160
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Wakarusa, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66546 | $474 | $1,189 | $3,001 | $4,272 | $5,599 |
Source: Ownwell