Greeley, Kansas Property Taxes
The median property tax rate in Greeley, Kansas is 1.31%, which is considerably higher than the national median of 0.99% but slightly lower than the Kansas state median of 1.43%. With the median home value in Greeley at $163,720, the typical annual property tax bill reaches $2,183, falling below the national median of $2,690. Property taxes in Greeley are calculated based on the assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greeley’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 Greeley or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greeley, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,145
Ownwell’s Greeley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greeley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greeley 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 Greeley, Kansas
Property taxes in Greeley, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greeley is 1.31%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Greeley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeley 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 Greeley's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66033 zip code has the highest median property tax rate of 1.31%, while the 66033 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with Greeley provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greeley Tax Rate
1.31%
Average Franklin County Tax Rate
1.76%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greeley, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66033 | 1.23% | 1.27% | 1.31% | 1.38% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Greeley, Kansas
In Greeley, 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 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 Greeley, 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 Greeley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $2183.00 in zip code 66033, which is also the lowest median tax bill.
Average Greeley Assessed Value
$163,720
Average Franklin County Assessed Value
$165,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greeley, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66033 | $58,966 | $121,610 | $163,720 | $244,485 | $331,074 |
Source: Ownwell
Property Tax Bills Across Greeley, Kansas
In Greeley, Kansas, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the home's market value, the tax rate set by local authorities, and any applicable exemptions or deductions. For homeowners in Greeley, the median home price stands at $163,720. Property tax bills can vary significantly, with the 25th percentile at $1,620 and the 75th percentile reaching $3,384. At the 90th percentile, homeowners can expect to pay around $4,612. These figures highlight the range of property tax burdens within the city. Compared to the national median property tax rate of 0.99%, Greeley's tax rates can influence homeowners' financial planning and decisions. Understanding how property taxes are calculated and the factors involved can help residents better manage their expenses and anticipate changes in their tax obligations.
Average Greeley Tax Bill
$2,183
Average Franklin County Tax Bill
$2,728
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeley, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66033 | $725 | $1,620 | $2,183 | $3,384 | $4,612 |
Source: Ownwell