Green, Kansas Property Taxes
The median property tax rate in Green, KS is 1.91%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Green, the typical annual property tax bill reaches $362, which is significantly lower than the national median of $2,690. Property taxes in Green 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 Green'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 Green 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
Green, 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 GREEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GREEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GREEN 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 Green, Kansas
Property taxes in GREEN, KS, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in GREEN stands at 1.91%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within GREEN set these rates annually, and they can vary significantly across different neighborhoods. Each year, GREEN 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 GREEN's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67447 zip code has both the highest and lowest median property tax rate of 1.91%. Understanding how these cities compare with GREEN provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Tax Rate
1.91%
Average Clay County Tax Rate
1.86%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67447 | 1.53% | 1.67% | 1.91% | 2.14% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Green, Kansas
In GREEN, 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 Clay 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 GREEN, 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. For instance, the highest median tax bill in the area is $362.00 in the 67447 zip code. Being aware of these valuation processes in GREEN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Green Assessed Value
$54,660
Average Clay County Assessed Value
$92,400
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67447 | $7,636 | $20,600 | $54,660 | $139,450 | $193,140 |
Source: Ownwell
Property Tax Bills Across Green, Kansas
In Green, located in Clay County, KS, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The median home price in Green is $54,660. Property taxes are influenced by local tax rates and the assessed value of the property. For example, the 25th percentile tax bill is $253, while the 75th percentile tax bill is $470, and the 90th percentile tax bill reaches $535. These figures highlight the variability in tax bills depending on property values and local tax rates. Homeowners in Green can expect their property tax bills to be influenced by the assessed value of their homes and the local tax rate. Compared to the national median property tax rate of 0.99%, the property tax bills in Green reflect the local economic conditions and property values. This system ensures that tax contributions are proportional to property values, impacting homeowners' financial planning and budgeting.
Average Green Tax Bill
$362
Average Clay County Tax Bill
$611
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Green, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67447 | $188 | $253 | $362 | $470 | $535 |
Source: Ownwell