Geuda Springs, Kansas Property Taxes
The median property tax rate in Geuda Springs, KS is 1.59%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Geuda Springs, the typical annual property tax bill reaches $1,180, which is lower than the national median of $2,690. Property taxes in Geuda Springs 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 Geuda Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Geuda Springs 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
Geuda Springs, 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 Geuda Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Geuda Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Geuda Springs 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 Geuda Springs, Kansas
Property taxes in Geuda Springs, Kansas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Geuda Springs is 1.59%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Geuda Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Geuda Springs 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 Geuda Springs's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67051 has both the highest and lowest median property tax rate of 1.59%. Understanding how these cities compare with Geuda Springs provides valuable insights into the varying tax landscape across Cowley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Geuda Springs Tax Rate
1.59%
Average Cowley County Tax Rate
1.69%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Geuda Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67051 | 1.14% | 1.41% | 1.59% | 1.82% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Geuda Springs, Kansas
In Geuda Springs, 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 Cowley 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. 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. In Geuda Springs, the median home price is $81,730, with tax bills ranging from $303 at the 25th percentile to $3,217 at the 90th percentile. The highest and lowest median tax bills both stand at $1,180 in the 67051 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Geuda Springs Assessed Value
$81,730
Average Cowley County Assessed Value
$83,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Geuda Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67051 | $7,082 | $17,990 | $81,730 | $138,830 | $178,806 |
Source: Ownwell
Property Tax Bills Across Geuda Springs, Kansas
In Geuda Springs, located in Cowley County, KS, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Geuda Springs typically see a range in their property tax bills, with the 25th percentile paying around $303 and the 75th percentile facing bills up to $2,244. At the higher end, the 90th percentile can expect tax bills reaching $3,217. These tax bills are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions. For instance, the median home price in Geuda Springs is $81,730. Although the median property tax bill here is $1,180, which aligns with the zip code 67051, it is still significantly lower than the national median property tax rate of 0.99%. This relatively lower tax burden can be a financial relief for homeowners, making Geuda Springs an attractive place for property investment.
Average Geuda Springs Tax Bill
$1,180
Average Cowley County Tax Bill
$1,388
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Geuda Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67051 | $117 | $303 | $1,180 | $2,244 | $3,217 |
Source: Ownwell