Galatia, Kansas Property Taxes
The median property tax rate in Galatia, KS is 1.54%, which is considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Galatia at $29,355, the typical annual property tax bill reaches $459, exceeding the national median of $2,690. Property taxes in Galatia 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 Galatia'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 Galatia or another part of Barton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Galatia, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$452
Ownwell’s Galatia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Galatia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Galatia 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 Galatia, Kansas
Property taxes in Galatia, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Galatia is 1.54%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Galatia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Galatia 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 Galatia's effective property tax rate to other areas in Kansas and the national median. For comparison, the 67565 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these areas compare with Galatia 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 Galatia Tax Rate
1.54%
Average Barton County Tax Rate
1.84%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Galatia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67565 | 1.54% | 1.54% | 1.54% | 1.61% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Galatia, Kansas
In Galatia, 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 Galatia, 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 Galatia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $459.00 in the 67565 zip code, while the lowest median tax bill is also $459.00 in the same zip code.
Average Galatia Assessed Value
$29,355
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 Galatia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67565 | $11,293 | $15,650 | $29,355 | $57,598 | $76,250 |
Source: Ownwell
Property Tax Bills Across Galatia, Kansas
In Galatia, KS, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which is $29,355 on average in this area. The local tax rate in Barton County influences the final tax bill amount, which can vary significantly. For example, the 25th percentile tax bill is $244, while the 75th percentile reaches $958, and the 90th percentile can go up to $1,306. These variations illustrate how different factors, such as property valuations and local tax rates, impact homeowners. The median tax bill in the highest and lowest zip codes in the region is $459, indicating a relatively stable tax environment. Understanding these elements is crucial for homeowners as they navigate their financial responsibilities, ensuring they are prepared for their annual property tax obligations. This awareness can help them make informed decisions regarding property investments and financial planning.
Average Galatia Tax Bill
$459
Average Barton County Tax Bill
$1,617
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Galatia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67565 | $172 | $244 | $459 | $958 | $1,306 |
Source: Ownwell