Hunnewell, Kansas Property Taxes
The median property tax rate in Hunnewell, KS, is 1.39%, which is significantly higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With a median home value of $25,550 in Hunnewell, the typical annual property tax bill amounts to $421, which is noticeably lower than the national median of $2,690. Property taxes in Hunnewell are calculated based on the assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Hunnewell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hunnewell or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hunnewell, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$355
Ownwell’s Hunnewell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hunnewell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hunnewell 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 Hunnewell, Kansas
Property taxes in Hunnewell, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hunnewell is 1.39%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Hunnewell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hunnewell 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 Hunnewell's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67140 has the highest median property tax rate of 1.39%, while the lowest median tax rate is also 1.39%. Understanding how these cities compare with Hunnewell 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 Hunnewell Tax Rate
1.39%
Average Sumner County Tax Rate
1.55%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hunnewell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67140 | 1.28% | 1.36% | 1.39% | 1.54% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Hunnewell, Kansas
In Hunnewell, 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 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. 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. In Hunnewell, the highest median tax bill is $421 in the 67140 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hunnewell Assessed Value
$25,550
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 Hunnewell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67140 | $7,464 | $8,985 | $25,550 | $80,772 | $121,694 |
Source: Ownwell
Property Tax Bills Across Hunnewell, Kansas
In Hunnewell, Kansas, property tax bills are calculated based on the assessed value of a property, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Sumner County, the median home price is $25,550. Property tax bills vary significantly, with the 25th percentile at $133 and the 75th percentile at $1,305, indicating a wide range of property values and tax burdens within the area. The highest median tax bill in the region is $421, found in ZIP code 67140, which also holds the lowest median tax bill, reflecting uniformity in tax rates but variability in assessed values. Compared to the national median property tax rate of 0.99%, Hunnewell's rates provide a perspective on how local economic factors and property values influence the tax burden on homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Hunnewell Tax Bill
$421
Average Sumner County Tax Bill
$1,397
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Hunnewell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67140 | $105 | $133 | $421 | $1,305 | $2,087 |
Source: Ownwell