Peck, Sumner County, Kansas Property Taxes
The median property tax rate in Peck, KS is 1.24%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $208,390 in Peck, the typical annual property tax bill amounts to $2,559, slightly below the national median of $2,690. Property taxes in Peck are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Peck'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 Peck or another part of the city, knowing the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Peck, Sumner County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,584
$2,398
Ownwell’s Peck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peck 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 Peck, Sumner County, Kansas
Property taxes in Peck, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Peck is 1.24%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Peck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peck 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 Peck's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67120 zip code has both the highest and lowest median property tax rate of 1.24%. Understanding how these cities compare with Peck 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 Peck Tax Rate
1.24%
Average Sumner County Tax Rate
1.55%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peck, Sumner County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67120 | 0.91% | 1.12% | 1.24% | 1.37% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Peck, Sumner County, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Peck, 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 Peck, 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. For instance, the highest median tax bill in Peck is $2,559 in the 67120 zip code. 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 Peck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Peck, Sumner County, Kansas
Source: Ownwell
$25,550
$136,875
$248,200
Average Peck Assessed Value
$208,390
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 Peck, Sumner County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67120 | $59,494 | $136,575 | $208,390 | $270,750 | $334,292 |
Source: Ownwell
Property Tax Bills Across Peck, Sumner County, Kansas
In Peck, Sumner County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For instance, a median home price in Peck is $208,390. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property location, improvements, and local tax rates. Homeowners in Peck experience varying tax bills, with the 25th percentile paying around $1,478 and the 75th percentile paying approximately $3,431 annually. The 90th percentile sees tax bills as high as $4,124. Compared to the national median property tax rate of 0.99%, Peck's property tax rates can significantly impact homeowners, especially those with higher-valued properties. This variation in tax bills highlights the importance of understanding local property tax assessments and their implications on household finances.
Average Peck Tax Bill
$2,559
Average Sumner County Tax Bill
$1,397
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Peck, Sumner County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67120 | $621 | $1,478 | $2,559 | $3,431 | $4,124 |
Source: Ownwell