Goddard, Kansas Property Taxes
The median property tax rate in Goddard, KS is 1.49%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Goddard at $213,300, the typical annual property tax bill reaches $3,007, exceeding the national median of $2,690. Property taxes in Goddard 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 Goddard'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 Goddard 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
Goddard, 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 Goddard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goddard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goddard 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 Goddard, Kansas
Property taxes in Goddard, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goddard is 1.49%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Goddard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goddard 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 Goddard's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67052 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Goddard provides valuable insights into the varying tax landscape across Sedgwick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goddard Tax Rate
1.49%
Average Sedgwick County Tax Rate
1.29%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goddard, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67052 | 1.25% | 1.28% | 1.49% | 1.51% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Goddard, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Goddard, Kansas. 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 Sedgwick 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 Goddard, 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. For instance, the median home price in Goddard is $213,300, with property tax bills ranging from $2,299 at the 25th percentile to $5,457 at the 90th percentile. The zip code 67052 has the highest median tax bill at $3,007. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goddard Assessed Value
$213,300
Average Sedgwick County Assessed Value
$135,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goddard, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67052 | $121,420 | $165,425 | $213,300 | $287,200 | $408,054 |
Source: Ownwell
Property Tax Bills Across Goddard, Kansas
In Goddard, Sedgwick County, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Goddard is $213,300. Homeowners’ tax bills are influenced by multiple factors, including the assessed value of the property and the local tax rate. The local tax rate is applied to the assessed value to determine the final tax bill. For instance, in Goddard, the tax bill at the 25th percentile is $2,299, while at the 75th percentile, it rises to $4,168. At the 90th percentile, the tax bill can reach as high as $5,457. The highest median tax bill in the area is $3,007, which is significantly above the national median property tax rate of 0.99%. These costs can impact homeowners by influencing their overall housing expenses and potentially affecting their financial planning. Understanding how these factors interplay helps homeowners better anticipate and manage their property tax obligations.
Average Goddard Tax Bill
$3,007
Average Sedgwick County Tax Bill
$1,835
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Goddard, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67052 | $1,211 | $2,299 | $3,007 | $4,168 | $5,457 |
Source: Ownwell