Hugoton, Kansas Property Taxes
The median property tax rate in Hugoton, KS is 2.00%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Hugoton at $91,170, the typical annual property tax bill reaches $1,765, which is below the national median of $2,690. Property taxes in Hugoton 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 Hugoton'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 Hugoton 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
Hugoton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$1,823
Ownwell’s Hugoton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hugoton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hugoton 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 Hugoton, Kansas
Property taxes in Hugoton, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hugoton is 1.39%, higher than both the Kansas state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Hugoton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hugoton 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 Hugoton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67951 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Hugoton provides valuable insights into the varying tax landscape across Stevens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hugoton Tax Rate
2.00%
Average Stevens County Tax Rate
2.00%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hugoton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67951 | 1.55% | 1.89% | 2.00% | 2.08% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Hugoton, Kansas
In Hugoton, 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 Stevens 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 Hugoton, 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 Hugoton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 67951, with a median tax bill of $1,765.
Average Hugoton Assessed Value
$91,170
Average Stevens County Assessed Value
$87,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hugoton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67951 | $21,316 | $48,455 | $91,170 | $146,280 | $206,338 |
Source: Ownwell
Property Tax Bills Across Hugoton, Kansas
In Hugoton, located in Stevens County, KS, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For a median home price of $91,170, homeowners can expect their property tax bill to vary significantly. At the 25th percentile, the tax bill is approximately $888, while at the 75th percentile, it rises to around $2,858. Those at the 90th percentile could see tax bills as high as $4,158. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the property tax rates in Hugoton can lead to a wide range of tax bills. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and overall affordability of homeownership in the area.
Average Hugoton Tax Bill
$1,765
Average Stevens County Tax Bill
$1,676
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Hugoton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67951 | $421 | $888 | $1,765 | $2,858 | $4,158 |
Source: Ownwell