Lake Quivira, Kansas Property Taxes
The median property tax rate in Lake Quivira, KS is 1.73%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Lake Quivira at $581,195, the typical annual property tax bill reaches $10,042, far exceeding the national median of $2,690. Property taxes in Lake Quivira 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 Lake Quivira'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 Lake Quivira 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
Lake Quivira, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$10,055
Ownwell’s Lake Quivira Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Lake Quivira. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lake Quivira to provide an accurate estimate of your property tax bill. This tool is essential for understanding your potential tax liabilities and planning your finances accordingly. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is crucial for these calculations and may include applicable exemptions.
Property Tax Rates Across Lake Quivira, Kansas
Property taxes in Lake Quivira, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Quivira is 1.73%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Lake Quivira set these rates annually, and they can vary across different neighborhoods. Each year, Lake Quivira 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 Lake Quivira's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66217 has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Lake Quivira provides valuable insights into the varying tax landscape across Wyandotte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lake Quivira Tax Rate
1.73%
Average Wyandotte County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lake Quivira, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66217 | 1.72% | 1.73% | 1.73% | 1.74% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Lake Quivira, Kansas
In Lake Quivira, 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 Wyandotte 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 Lake Quivira, 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 Lake Quivira helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 66217 has both the highest and lowest median tax bill at $10,042, highlighting the variance in tax burdens within the area.
Average Lake Quivira Assessed Value
$581,195
Average Wyandotte County Assessed Value
$133,500
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lake Quivira, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66217 | $28,436 | $270,640 | $581,195 | $806,602 | $1,198,807 |
Source: Ownwell
Property Tax Bills Across Lake Quivira, Kansas
In Lake Quivira, Wyandotte 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 Lake Quivira is $581,195. To determine the tax bill, the assessed value is multiplied by the local tax rate. For homeowners, this means that higher property values result in higher tax bills. Factors such as location, property size, and improvements can influence the assessed value. In Lake Quivira, the tax bill at the 25th percentile is $4,625, while at the 75th percentile, it rises to $13,974. For those at the 90th percentile, the tax bill can be as high as $20,816. Comparatively, the national median property tax rate is 0.99%, and Lake Quivira's property taxes can significantly impact homeowners, especially those with high-value properties. The highest and lowest median tax bills in the area are both $10,042, indicating a consistent tax rate across different properties.
Average Lake Quivira Tax Bill
$10,042
Average Wyandotte County Tax Bill
$2,636
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lake Quivira, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66217 | $518 | $4,625 | $10,042 | $13,974 | $20,816 |
Source: Ownwell