Great Bend, Kansas Property Taxes
The median property tax rate in Great Bend, KS is 1.80%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Great Bend at $94,730, the typical annual property tax bill amounts to $1,701, still below the national median of $2,690. Property taxes in Great Bend are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Great Bend'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 Great Bend or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Great Bend, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$1,705
Ownwell’s Great Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Great Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Great Bend 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 Great Bend, Kansas
Property taxes in Great Bend, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Great Bend is 1.80%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Great Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Great Bend 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 Great Bend's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67530 zip code has the highest median property tax rate of 1.80%, while the same 67530 zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Great Bend provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Great Bend Tax Rate
1.80%
Average Barton County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Great Bend, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67530 | 1.48% | 1.69% | 1.80% | 1.85% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Great Bend, Kansas
In Great Bend, 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 Barton 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 Great Bend, 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. The median home price in the area is $94,730, with tax bills ranging from $792 at the 25th percentile to $4,066 at the 90th percentile. 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 Great Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Great Bend Assessed Value
$94,730
Average Barton County Assessed Value
$86,600
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Great Bend, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67530 | $21,813 | $46,825 | $94,730 | $156,392 | $227,226 |
Source: Ownwell
Property Tax Bills Across Great Bend, Kansas
In Great Bend, property tax bills are calculated based on the assessed value of a home, which is determined by the Barton County Assessor. The assessed value is a percentage of the home's market value, and this percentage can vary depending on local regulations. Once the assessed value is established, the local tax rate, known as the mill levy, is applied to calculate the property tax bill. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For instance, the median home price in Great Bend is $94,730, and property tax bills can range widely. Homeowners in the 25th percentile can expect to pay around $792, while those in the 75th percentile may see bills as high as $2,796. At the 90th percentile, tax bills can reach up to $4,066. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it essential for homeowners to understand how their tax bills are determined.
Average Great Bend Tax Bill
$1,701
Average Barton County Tax Bill
$1,617
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Great Bend, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67530 | $351 | $792 | $1,701 | $2,796 | $4,066 |
Source: Ownwell