Garden City, Kansas Property Taxes
The median property tax rate in Garden City, KS is 1.79%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Garden City at $198,100, the typical annual property tax bill reaches $3,466, exceeding the national median of $2,690. Property taxes in Garden City 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 Garden City'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 Garden City 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
Garden City, 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 Garden City Property Tax Bill Calculator helps homeowners, real estate investors, and potential buyers estimate their annual property taxes in Garden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden City 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 Garden City, Kansas
Property taxes in Garden City, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden City is 1.79%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Garden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden City 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 Garden City's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67846 zip code has the highest median property tax rate of 1.79%, while the 67868 zip code has the lowest median tax rate of 0.71%. Understanding how these cities compare with Garden City provides valuable insights into the varying tax landscape across Finney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden City Tax Rate
1.79%
Average Finney County Tax Rate
1.78%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67846 | 1.39% | 1.75% | 1.79% | 1.80% | 1.82% |
| 67868 | 0.15% | 0.36% | 0.71% | 1.06% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Garden City, Kansas
In Garden City, 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 Finney 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 Garden City, 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. The median home price in Garden City is $198,100, with tax bills ranging from $2,513 at the 25th percentile to $6,061 at the 90th percentile. The highest median tax bill is $3,466 in the 67846 zip code, while the lowest is $2,474 in the 67868 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 effectively manage the tax burden.
Average Garden City Assessed Value
$198,100
Average Finney County Assessed Value
$199,470
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67846 | $87,434 | $144,210 | $198,100 | $270,290 | $364,000 |
| 67868 | $1,016,256 | $2,053,935 | $3,783,400 | $5,512,865 | $6,550,544 |
Source: Ownwell
Property Tax Bills Across Garden City, Kansas
In Garden City, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and condition can influence the assessed value. In Finney County, the median home price is $198,100, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,513, while the 75th percentile tax bill is $4,717, and the 90th percentile tax bill reaches $6,061. These figures highlight the range of property tax bills homeowners might face. Comparing this with the national median property tax rate of 0.99%, Garden City's tax bills can be relatively high. The highest median tax bill in the area is $3,466 in the 67846 zip code, whereas the lowest median tax bill is $2,474 in the 67868 zip code. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Garden City Tax Bill
$3,466
Average Finney County Tax Bill
$3,484
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden City, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67846 | $1,477 | $2,514 | $3,466 | $4,719 | $6,062 |
| 67868 | $794 | $1,424 | $2,474 | $3,524 | $4,154 |
Source: Ownwell