Collyer, Kansas Property Taxes
The median property tax rate in Collyer, KS is 2.85%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Collyer, the typical annual property tax bill reaches $2,747, slightly above the national median of $2,690. Property taxes in Collyer 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 Collyer'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 Collyer 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
Collyer, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Collyer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Collyer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Collyer 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 Collyer, Kansas
Property taxes in Collyer, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Collyer is 2.85%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Collyer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Collyer 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 Collyer's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67631 has the highest median property tax rate of 2.85%, while the same zip code also has the lowest median tax rate of 2.85%. Understanding how these areas compare with Collyer provides valuable insights into the varying tax landscape across Gove County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Collyer Tax Rate
2.85%
Average Gove County Tax Rate
1.81%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Collyer, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67631 | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Collyer, Kansas
In Collyer, 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 Gove 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 Collyer, 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 Collyer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Collyer are both $2,747, with the zip code 67631 having this consistent value.
Average Collyer Assessed Value
$96,250
Average Gove County Assessed Value
$74,990
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Collyer, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67631 | $96,250 | $96,250 | $96,250 | $96,250 | $96,250 |
Source: Ownwell
Property Tax Bills Across Collyer, Kansas
In Collyer, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is typically a percentage of the market value, determined by local assessment practices. For homeowners in Collyer, the median home price is $96,250. The tax rate applied to this assessed value influences the final tax bill. In Gove County, where Collyer is located, the median property tax bill stands at $2,747, which is significantly higher than the national median property tax rate of 0.99%. This substantial tax bill can impact homeowners by increasing the overall cost of owning a home. Factors such as local government budgets, school funding, and infrastructure projects can also influence the property tax rate, thereby affecting the amount homeowners are required to pay annually. Understanding these factors can help homeowners anticipate and plan for their property tax obligations more effectively.
Average Collyer Tax Bill
$2,747
Average Gove County Tax Bill
$1,267
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Collyer, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67631 | $2,747 | $2,747 | $2,747 | $2,747 | $2,747 |
Source: Ownwell