Oxford, Kansas Property Taxes
The median property tax rate in Oxford, KS is 1.51%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Oxford at $96,985, the typical annual property tax bill reaches $1,498, exceeding the national median of $2,690. Property taxes in Oxford 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 Oxford'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 Oxford 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
Oxford, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,464
$1,359
Ownwell’s Oxford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oxford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oxford 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 Oxford, Kansas
Property taxes in Oxford, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oxford is 1.51%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Oxford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oxford 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 Oxford's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67119 has both the highest and lowest median property tax rate of 1.51%. Understanding how these cities compare with Oxford 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 Oxford Tax Rate
1.51%
Average Sumner County Tax Rate
1.55%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oxford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67119 | 1.14% | 1.36% | 1.51% | 1.61% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Oxford, Kansas
In Oxford, 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. In Oxford, 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 Oxford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,498 in zip code 67119, while the lowest is also $1,498 in the same zip code.
Average Oxford Assessed Value
$96,985
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 Oxford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67119 | $24,098 | $55,270 | $96,985 | $153,830 | $229,913 |
Source: Ownwell
Property Tax Bills Across Oxford, Kansas
In Oxford, Sumner County, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Oxford is $96,985, and property taxes are determined by applying the local tax rate to this assessed value. Factors such as the property's location, size, and condition play a significant role in determining its market value and, consequently, the assessed value. Homeowners in Oxford experience a range of property tax bills. For instance, the 25th percentile tax bill is $798, while the 75th percentile tax bill reaches $2,316. At the higher end, the 90th percentile tax bill can go up to $3,308. These variations reflect differences in property values and assessment practices within the community. Compared to the national median property tax rate of 0.99%, Oxford's property taxes can be seen as relatively moderate. This system ensures that property taxes are proportionate to the value of each home, impacting homeowners by aligning their tax obligations with their property's worth.
Average Oxford Tax Bill
$1,498
Average Sumner County Tax Bill
$1,397
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Oxford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67119 | $386 | $798 | $1,498 | $2,316 | $3,308 |
Source: Ownwell