3 ms·

Your math works out! :-) The Lincoln county property tax rate is 1.80% (https://smartasset.com/taxes/kansas-property-tax-calculator); https://smartasset.com/tax

Your math works out! :-) The Lincoln county property tax rate is 1.80% (https://smartasset.com/taxes/kansas-property-tax-calculator); https://smartasset.com/taxes/kansas-property-tax-calculator)... the property tax on a $200,000 property would therefore be $3600/year. Kansas income taxes on $150,000 would be $8,093 (https://www.bankrate.com/taxes/kansas-state-taxes/ https://www.bankrate.com/taxes/kansas-state-taxes/). White county, TN, has a property tax rate of .52% (https://smartasset.com/taxes/tennessee-property-tax-calculator https://smartasset.com/taxes/tennessee-property-tax-calculat...): $1040/year, and Tennessee doesn't have an income tax. Property in both is pretty comparable (https://www.realtor.com/realestateandhomes-search/Lincoln-County_KS/type-single-family-home/price-120000-250000 https://www.realtor.com/realestateandhomes-search/Lincoln-Co..., https://www.realtor.com/realestateandhomes-search/Sparta_TN/type-single-family-home/price-180000-250000 https://www.realtor.com/realestateandhomes-search/Sparta_TN/...), 1,500 to 2,000 sq ft. Maybe a bit of an edge in Kansas. Sales tax in Lincoln county are 2 percentage points lower, but it is at least a hundred miles to a bigger city. Kansas kinda sucks.

mcguire 5y ago
P.s. Jackson county, AL: 0.33% property tax, 3.9% effective income tax rate, 1,700-2,200 sq ft.
beerandt 5y ago
>Kansas Surprising. 1) Where does the money go? Relative to other states? 2) No homestead exemptions? $75k reduction would get you to ~$2250, which still isn't cheap, especially with that income tax. >Sales tax ... 2 percentage points lower What are the actual rates?
- mcguire 5y ago
  About 2: https://www.ksrevenue.gov/perstaxtypeshs.html https://www.ksrevenue.gov/perstaxtypeshs.html Max $700. "Your total household income must be $36,300 or less." Also, "You were born before Jan. 1, 1965; OR You must have been totally and permanently disabled or blind during the entire year, regardless of your age; OR You must have had a dependent child living with you all of last year who was born before Jan. 1, 2020, and was under the age of 18 the entire year." Lincoln county sales tax: 8.5% Sparta, TN: 9.5% Whoops. I may have been looking at the state tax rates vs. the total sales tax rates. As for the first question, a hypothesis: KS is about twice the size of TN with about half the population; 14/km^2 vs 65/km^2. But for real numbers, I'm having a hard time finding comparables. And I'm having a hard time figuring out where TN's money comes from. TN has roughly twice the budget of KS ($38.6B vs $18.4B) but spends less per capita ($5695 vs $6320) (https://en.wikipedia.org/wiki/List_of_U.S._state_budgets https://en.wikipedia.org/wiki/List_of_U.S._state_budgets). KS spends more of their budget on education; TN on Medicaid- (https://www.kff.org/other/state-indicator/distribution-of-state-spending/?dataView=1&currentTimeframe=0&selectedRows=%7B%22states%22:%7B%22kansas%22:%7B%7D,%22tennessee%22:%7B%7D%7D%7D&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D https://www.kff.org/other/state-indicator/distribution-of-st...). In 2017, TN got 40% of its budget from the federales; KS, 25% (https://ballotpedia.org/Total_state_government_expenditures https://ballotpedia.org/Total_state_government_expenditures). TN gets roughly twice as much in total federal spending than KS (https://www.usaspending.gov/search/?hash=5c7be0443698b7e8ae2c2e5112a7f237 https://www.usaspending.gov/search/?hash=5c7be0443698b7e8ae2...).
PaulDavisThe1st 5y ago
On the other hand, TN. And on the other, other hand: gravel cycling in Kansas!

mcguire 5y ago

P.s. Jackson county, AL: 0.33% property tax, 3.9% effective income tax rate, 1,700-2,200 sq ft.

beerandt 5y ago

>Kansas Surprising. 1) Where does the money go? Relative to other states? 2) No homestead exemptions? $75k reduction would get you to ~$2250, which still isn't cheap, especially with that income tax. >Sales tax ... 2 percentage points lower What are the actual rates?

mcguire 5y ago
About 2: https://www.ksrevenue.gov/perstaxtypeshs.html https://www.ksrevenue.gov/perstaxtypeshs.html Max $700. "Your total household income must be $36,300 or less." Also, "You were born before Jan. 1, 1965; OR You must have been totally and permanently disabled or blind during the entire year, regardless of your age; OR You must have had a dependent child living with you all of last year who was born before Jan. 1, 2020, and was under the age of 18 the entire year." Lincoln county sales tax: 8.5% Sparta, TN: 9.5% Whoops. I may have been looking at the state tax rates vs. the total sales tax rates. As for the first question, a hypothesis: KS is about twice the size of TN with about half the population; 14/km^2 vs 65/km^2. But for real numbers, I'm having a hard time finding comparables. And I'm having a hard time figuring out where TN's money comes from. TN has roughly twice the budget of KS ($38.6B vs $18.4B) but spends less per capita ($5695 vs $6320) (https://en.wikipedia.org/wiki/List_of_U.S._state_budgets https://en.wikipedia.org/wiki/List_of_U.S._state_budgets). KS spends more of their budget on education; TN on Medicaid- (https://www.kff.org/other/state-indicator/distribution-of-state-spending/?dataView=1&currentTimeframe=0&selectedRows=%7B%22states%22:%7B%22kansas%22:%7B%7D,%22tennessee%22:%7B%7D%7D%7D&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D https://www.kff.org/other/state-indicator/distribution-of-st...). In 2017, TN got 40% of its budget from the federales; KS, 25% (https://ballotpedia.org/Total_state_government_expenditures https://ballotpedia.org/Total_state_government_expenditures). TN gets roughly twice as much in total federal spending than KS (https://www.usaspending.gov/search/?hash=5c7be0443698b7e8ae2c2e5112a7f237 https://www.usaspending.gov/search/?hash=5c7be0443698b7e8ae2...).

PaulDavisThe1st 5y ago

On the other hand, TN. And on the other, other hand: gravel cycling in Kansas!