Gypsum, Kansas Property Taxes
The median property tax rate in Gypsum, Kansas is 1.61%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Gypsum, the typical annual property tax bill reaches $1,730, which is below the national median of $2,690. Property taxes in Gypsum 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 Gypsum'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 Gypsum or another part of Dickinson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gypsum, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$1,640
$1,522
Ownwell’s Gypsum Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gypsum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gypsum 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 Gypsum, Kansas
Property taxes in Gypsum, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gypsum is 1.61%, significantly higher than both the Kansas state median of 1.38% and the U.S. national median of 0.99%. Local government entities within Gypsum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gypsum 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 Gypsum's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67448 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these areas compare with Gypsum provides valuable insights into the varying tax landscape across Dickinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gypsum Tax Rate
1.61%
Average Dickinson County Tax Rate
1.82%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gypsum, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | 1.37% | 1.45% | 1.61% | 2.18% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Gypsum, Kansas
In Gypsum, 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 Dickinson 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 Gypsum, 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 Gypsum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67448 has the highest and lowest median tax bill, both at $1,730, compared to the national median property tax rate of 0.99%.
Average Gypsum Assessed Value
$101,885
Average Dickinson County Assessed Value
$105,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gypsum, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | $8,710 | $24,618 | $101,885 | $138,180 | $210,426 |
Source: Ownwell
Property Tax Bills Across Gypsum, Kansas
In Gypsum, located in Dickinson County, KS, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Gypsum can expect their property tax bills to vary significantly, ranging from $488 at the 25th percentile to $2,681 at the 75th percentile, with the 90th percentile reaching up to $3,133. These variations are influenced by factors such as property size, location, and improvements made to the property. The median home price in Gypsum is $101,885, and the property tax rate is generally in line with the national median rate of 0.99%. Homeowners should be aware that higher assessed values and property improvements can lead to higher tax bills. Understanding how these factors interplay helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Gypsum Tax Bill
$1,730
Average Dickinson County Tax Bill
$2,015
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Gypsum, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | $133 | $488 | $1,730 | $2,681 | $3,133 |
Source: Ownwell