Gove, Kansas Property Taxes
The median property tax rate in Gove, KS is 1.82%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Gove at $51,170, the typical annual property tax bill reaches $940, which is substantially lower than the national median of $2,690. Property taxes in Gove are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Gove'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 Gove or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gove, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$931
$864
Ownwell’s Gove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gove 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 Gove, Kansas
Property taxes in Gove, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gove is 1.82%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gove 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 Gove's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67736 has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Gove provides valuable insights into the varying tax landscape across Gove County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gove Tax Rate
1.82%
Average Gove County Tax Rate
1.81%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gove, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67736 | 1.20% | 1.54% | 1.82% | 2.36% | 3.62% |
Source: Ownwell
Property Tax Assessment Values Across Gove, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gove, Kansas. 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 local 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 Gove, 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. The median home price in Gove is $51,170, with tax bills ranging from $281 at the 25th percentile to $3,611 at the 90th percentile. The zip code with the highest median tax bill of $940 is 67736, which is also the lowest. Being aware of these valuation processes in Gove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gove Assessed Value
$51,170
Average Gove County Assessed Value
$74,990
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gove, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67736 | $2,575 | $14,935 | $51,170 | $98,140 | $170,574 |
Source: Ownwell
Property Tax Bills Across Gove, Kansas
In Gove, KS, property tax bills are calculated based on the assessed value of a home, which is derived from a percentage of the market value. The median home price in Gove is $51,170. Local authorities apply the property tax rate to this assessed value to determine the annual tax bill. Factors such as property type, location, and any applicable exemptions are considered to finalize the tax amount. Homeowners in Gove can expect varying tax bills. For instance, the tax bill at the 25th percentile is $281, while at the 75th percentile, it is $2,114. Those at the 90th percentile may see tax bills as high as $3,611. The highest median tax bill in the region is $940, which is significantly lower than the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. For homeowners, understanding how these taxes are calculated can help in budgeting and financial planning.
Average Gove Tax Bill
$940
Average Gove County Tax Bill
$1,267
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Gove, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67736 | $63 | $281 | $940 | $2,114 | $3,611 |
Source: Ownwell