Grainfield, Kansas Property Taxes
The median property tax rate in Grainfield, KS is 1.42%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With a median home value of $74,285 in Grainfield, the typical annual property tax bill is approximately $1,053, falling below the national median of $2,690. Property taxes in Grainfield are calculated based on the assessed value, which often is lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Grainfield's property tax system and exploring available exemptions, homeowners and real estate investors can identify opportunities for significant annual savings. Whether you're in the heart of Grainfield or another part of Gove County, a thorough understanding of the local property tax system can offer financial benefits.
Last Updated June 14, 2024
Grainfield, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,055
$979
Ownwell’s Grainfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grainfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grainfield 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 Grainfield, Kansas
Property taxes in Grainfield, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grainfield is 1.42%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Grainfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grainfield 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 Grainfield's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67737 zip code has both the highest and lowest median property tax rate of 1.42%. Understanding how these cities compare with Grainfield 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 Grainfield Tax Rate
1.42%
Average Gove County Tax Rate
1.81%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grainfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67737 | 1.18% | 1.32% | 1.42% | 1.71% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Grainfield, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grainfield, 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 Gove 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 Grainfield, 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 Grainfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 67737, with a median tax bill of $1,053.
Average Grainfield Assessed Value
$74,285
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 Grainfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67737 | $8,615 | $31,598 | $74,285 | $108,860 | $149,606 |
Source: Ownwell
Property Tax Bills Across Grainfield, Kansas
Property tax bills in Grainfield, located in Gove County, KS, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors influencing the assessed value include the property's size, location, and condition. The local tax rate, set by various taxing authorities such as school districts and municipalities, is then applied to this assessed value. Homeowners in Grainfield experience varying tax bills, with the 25th percentile paying around $421 and the 75th percentile paying approximately $1653. The highest median tax bill in the area is $1053, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential public services like education, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how these factors interplay helps homeowners anticipate their property tax obligations and budget accordingly.
Average Grainfield Tax Bill
$1,053
Average Gove County Tax Bill
$1,267
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Grainfield, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67737 | $131 | $421 | $1,053 | $1,653 | $2,478 |
Source: Ownwell