Caldwell, Kansas Property Taxes
The median property tax rate in Caldwell, KS is 2.05%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Caldwell, the typical annual property tax bill reaches $956, which is below the national median of $2,690. Property taxes in Caldwell 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 Caldwell'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 Caldwell 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
Caldwell, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$945
$877
Ownwell’s Caldwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caldwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caldwell 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 Caldwell, Kansas
Property taxes in Caldwell, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Caldwell is 2.05%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Caldwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caldwell 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 Caldwell's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67022 zip code has the highest median property tax rate of 2.05%, while the 67022 zip code also has the lowest median tax rate of 2.05%. Understanding how these cities compare with Caldwell provides valuable insights into the varying tax landscape across Sumner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
2.05%
Average Sumner County Tax Rate
1.55%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caldwell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67022 | 1.57% | 1.77% | 2.05% | 2.27% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Caldwell, 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 Sumner 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 Caldwell, 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 Caldwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67022 has the highest and lowest median tax bill of $956. By understanding these valuation processes, property owners in Caldwell can better manage their tax obligations and potentially reduce their tax burden.
Average Caldwell Assessed Value
$46,100
Average Sumner County Assessed Value
$90,990
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caldwell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67022 | $10,122 | $20,955 | $46,100 | $90,040 | $159,230 |
Source: Ownwell
Property Tax Bills Across Caldwell, Kansas
In Caldwell, Sumner County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $46,100, homeowners can expect varying tax bills depending on the assessed value and specific tax rates applied. Factors influencing the tax bill include the property's location within Caldwell, any applicable exemptions, and changes in local government budgets. Homeowners in the 25th percentile might see tax bills around $429, while those in the 75th percentile could face bills up to $1,906. The 90th percentile tax bill can reach as high as $3,501. Compared to the national median property tax rate of 0.99%, Caldwell’s tax bills reflect the local economic conditions and public service funding needs, impacting homeowners' annual financial planning and overall cost of living.
Average Caldwell Tax Bill
$956
Average Sumner County Tax Bill
$1,397
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Caldwell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67022 | $196 | $429 | $956 | $1,906 | $3,501 |
Source: Ownwell