Grinnell, Kansas Property Taxes
The median property tax rate in Grinnell, Kansas is 1.29%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Grinnell at $68,130, the typical annual property tax bill amounts to $961, falling short of the national median of $2,690. Property taxes in Grinnell are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Grinnell'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 Grinnell 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
Grinnell, 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 Grinnell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grinnell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grinnell 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 Grinnell, Kansas
Property taxes in Grinnell, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grinnell is 1.29%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Grinnell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grinnell 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 Grinnell's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67738 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Grinnell 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 Grinnell Tax Rate
1.29%
Average Gove County Tax Rate
1.81%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grinnell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67738 | 1.05% | 1.21% | 1.29% | 1.34% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Grinnell, Kansas
In Grinnell, 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 Grinnell, 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. In Grinnell, the median home price is $68,130, with tax bills ranging from $440 at the 25th percentile to $2,803 at the 90th percentile. The zip code 67738 has both the highest and lowest median tax bill at $961. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grinnell Assessed Value
$68,130
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 Grinnell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67738 | $14,690 | $36,470 | $68,130 | $107,790 | $155,300 |
Source: Ownwell
Property Tax Bills Across Grinnell, Kansas
In Grinnell, Kansas, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Grinnell can expect their tax bills to vary significantly, with the 25th percentile tax bill at $440 and the 75th percentile reaching $1,468. At the higher end, the 90th percentile tax bill can be as much as $2,803. These figures show a broad range of potential tax liabilities for homeowners. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. The median home price in Grinnell is $68,130, which provides a baseline for understanding tax assessments. Comparatively, the highest and lowest median tax bills in the region are both $961, indicating a relatively uniform tax burden within certain areas. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Grinnell Tax Bill
$961
Average Gove County Tax Bill
$1,267
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Grinnell, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67738 | $147 | $440 | $961 | $1,468 | $2,803 |
Source: Ownwell