Galena, Kansas Property Taxes
The median property tax rate in Galena, KS is 1.65%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Galena, the typical annual property tax bill reaches $1,069, exceeding the national median of $2,690. Property taxes in Galena 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 Galena'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 Galena 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
Galena, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,218
Ownwell’s Galena Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Galena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Galena to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making financial planning easier. For those interested in exploring trends at a neighborhood level, more localized information is available below. Your property’s assessed value, determined by Cherokee County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Galena, Kansas
Property taxes in Galena, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Galena is 1.65%, significantly higher than the U.S. national median of 0.99%. Local government entities within Galena set these rates annually, and they can vary across different neighborhoods. Each year, Galena 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 Galena's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66739 has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these areas compare with Galena provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Galena Tax Rate
1.65%
Average Cherokee County Tax Rate
1.39%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Galena, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66739 | 0.97% | 1.06% | 1.65% | 1.75% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Galena, Kansas
In Galena, 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 Cherokee 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 Galena, 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 Galena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 66739, both at $1069.
Average Galena Assessed Value
$73,840
Average Cherokee County Assessed Value
$77,000
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Galena, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66739 | $13,088 | $30,060 | $73,840 | $131,650 | $199,184 |
Source: Ownwell
Property Tax Bills Across Galena, Kansas
In Galena, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, the median home price in Galena is $73,840. Depending on various factors, such as property size and location, tax bills can vary significantly. The 25th percentile of tax bills in Galena is $484, while the 75th percentile reaches $1,824. At the 90th percentile, homeowners can expect to pay around $2,710. These property taxes fund essential local services, including schools, public safety, and infrastructure. Therefore, property tax rates directly affect homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Galena's property tax rates can be relatively moderate, but individual tax bills can still vary widely based on specific property assessments and local tax policies. Understanding these factors helps homeowners budget more effectively and plan for future expenses.
Average Galena Tax Bill
$1,069
Average Cherokee County Tax Bill
$1,049
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Galena, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66739 | $224 | $484 | $1,069 | $1,824 | $2,710 |
Source: Ownwell