Goodland, Kansas Property Taxes
The median property tax rate in Goodland, KS is 1.63%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Goodland at $212,500, the typical annual property tax bill reaches $3,467, exceeding the national median of $2,690. Property taxes in Goodland 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 Goodland'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 Goodland 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
Goodland, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$3,464
$3,214
Ownwell’s Goodland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goodland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goodland 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 Goodland, Kansas
Property taxes in Goodland, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goodland is 1.63%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Goodland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goodland 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 Goodland's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67735 has both the highest and lowest median property tax rate of 1.63%. Understanding how these cities compare with Goodland provides valuable insights into the varying tax landscape across Cheyenne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goodland Tax Rate
1.63%
Average Cheyenne County Tax Rate
1.44%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goodland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67735 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Goodland, Kansas
In Goodland, 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 Cheyenne 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 Goodland, 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 Goodland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Goodland are both $3,467, with the zip code 67735.
Average Goodland Assessed Value
$212,500
Average Cheyenne County Assessed Value
$91,230
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goodland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67735 | $212,500 | $212,500 | $212,500 | $212,500 | $212,500 |
Source: Ownwell
Property Tax Bills Across Goodland, Kansas
In Goodland, located in Cheyenne County, KS, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the property's market value, determined by county assessors. The tax rate, or mill levy, is then applied to the assessed value to calculate the tax bill. For instance, with a median home price of $212,500, homeowners can expect a tax bill around $3,467, which is significantly higher than the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's location, its assessed value, and the local tax rate. These taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners in Goodland may find their property taxes higher compared to other regions, impacting their overall cost of living. Understanding how these factors interplay helps residents anticipate their financial obligations and plan accordingly.
Average Goodland Tax Bill
$3,467
Average Cheyenne County Tax Bill
$1,346
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Goodland, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67735 | $3,467 | $3,467 | $3,467 | $3,467 | $3,467 |
Source: Ownwell