Winona, Kansas Property Taxes
The median property tax rate in Winona, Kansas is 1.38%, slightly lower than the Kansas state median of 1.43% but still higher than the national median of 0.99%. With the median home value in Winona at $151,750, the typical annual property tax bill amounts to $2,535, which is below the national median of $2,690. Property taxes in Winona are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Winona's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're in the heart of Winona or another part of Thomas County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winona, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,094
Ownwell’s Winona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winona 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 Winona, Kansas
Property taxes in Winona, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winona is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Winona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winona 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 Winona's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67764 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Winona provides valuable insights into the varying tax landscape across Thomas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winona Tax Rate
1.38%
Average Thomas County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67764 | 1.10% | 1.23% | 1.38% | 1.65% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Winona, Kansas
In Winona, 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 Thomas 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 Winona, 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 Winona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Winona is $151,750, with tax bills ranging from $1,781 at the 25th percentile to $5,578 at the 90th percentile. The zip code 67764 has the highest and lowest median tax bill at $2,535.
Average Winona Assessed Value
$151,750
Average Thomas County Assessed Value
$124,550
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67764 | $110,826 | $113,290 | $151,750 | $201,180 | $252,296 |
Source: Ownwell
Property Tax Bills Across Winona, Kansas
In Winona, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Winona stands at $151,750. Homeowners can expect their tax bills to vary significantly, depending on the assessed value of their property and the local tax rate. For instance, the tax bill at the 25th percentile is $1,781, while at the 75th percentile, it rises to $3,908. At the 90th percentile, homeowners might face a tax bill as high as $5,578. These figures highlight the range of property tax obligations within the area. Factors such as property improvements, neighborhood developments, and changes in the local economy can influence assessed values. The highest and lowest median tax bills are both recorded at $2,535 in the zip code 67764, underscoring a relatively consistent tax rate within the region. Compared to the national median property tax rate of 0.99%, Winona's rates reflect the unique economic conditions and property values specific to the area.
Average Winona Tax Bill
$2,535
Average Thomas County Tax Bill
$1,936
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Winona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67764 | $1,246 | $1,781 | $2,535 | $3,908 | $5,578 |
Source: Ownwell