Gridley, Kansas Property Taxes
The median property tax rate in Gridley, KS is 1.41%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With a median home value of $82,305 in Gridley, the typical annual property tax bill amounts to $1,151, still lower than the national median of $2,690. Property taxes in Gridley are based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Gridley'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 Gridley or another part of Coffey County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gridley, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,161
Ownwell’s Gridley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gridley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gridley 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 Gridley, Kansas
Property taxes in Gridley, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gridley is 1.41%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Gridley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gridley 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 Gridley's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66852 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Gridley provides valuable insights into the varying tax landscape across Coffey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gridley Tax Rate
1.41%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gridley, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66852 | 1.05% | 1.24% | 1.41% | 1.50% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Gridley, Kansas
In Gridley, 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 Coffey 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 Gridley, 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 Gridley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Coffey County, the median home price is $82,305, with the highest median tax bill being $1,151 in the 66852 zip code.
Average Gridley Assessed Value
$82,305
Average Coffey County Assessed Value
$92,950
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gridley, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66852 | $14,545 | $41,380 | $82,305 | $141,475 | $205,297 |
Source: Ownwell
Property Tax Bills Across Gridley, Kansas
In Gridley, 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 Gridley is $82,305. Local tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as the condition of the property, improvements made, and market trends are considered in the valuation process. Homeowners in Gridley can expect a wide range in their property tax bills. The 25th percentile tax bill stands at $564, while the 75th percentile reaches $1,917, and the 90th percentile can go as high as $2,741. This variability can significantly impact household budgets, making it essential for homeowners to understand their property's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, the figures in Gridley reflect the unique economic conditions of the area. Understanding these factors helps homeowners plan and manage their financial obligations more effectively.
Average Gridley Tax Bill
$1,151
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Gridley, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66852 | $214 | $564 | $1,151 | $1,917 | $2,741 |
Source: Ownwell