Greenwood County Property Taxes
The median property tax rate in Greenwood County is 2.02%, which is significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Greenwood County, the typical annual property tax bill reaches $769, which is considerably lower than the national median of $2,690. Property taxes in Greenwood County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Greenwood County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Eureka or another part of Greenwood County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenwood County 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 Greenwood County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Greenwood County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Greenwood County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Greenwood County, Kansas
Property taxes in Greenwood County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Greenwood County is 2.02%, which is significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Greenwood County set these rates annually, and they can vary significantly between different areas within the county. Each year, Greenwood County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Greenwood County's effective property tax rate with other counties in Kansas and the national median. For comparison, the city of Severy has one of the higher property tax rates in Kansas at 3.30%, while the city of Fall River boasts one of the lowest at 1.52%. Analyzing how Greenwood County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Greenwood County Tax Rate
2.02%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenwood County, Kansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Climax | 1.35% | 1.64% | 1.73% | 1.83% | 1.94% |
| Eureka | 1.50% | 1.79% | 2.02% | 2.16% | 2.43% |
| Fall River | 1.27% | 1.37% | 1.52% | 2.05% | 2.36% |
| Fredonia | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
| Gridley | 1.66% | 1.74% | 2.13% | 2.55% | 2.68% |
| Hamilton | 1.69% | 1.84% | 1.90% | 2.14% | 3.14% |
| Lamont | 1.51% | 1.57% | 1.67% | 1.79% | 2.06% |
| Madison | 1.67% | 2.05% | 2.27% | 2.42% | 2.64% |
| Neal | N/A | N/A | N/A | N/A | N/A |
| Piedmont | 1.54% | 1.65% | 1.88% | 2.26% | 2.93% |
| Severy | 1.50% | 1.77% | 3.30% | 3.44% | 3.64% |
| Toronto | 1.53% | 1.69% | 1.92% | 2.29% | 3.15% |
| Virgil | 1.62% | 1.72% | 1.96% | 2.62% | 3.71% |
Source: Ownwell
Property Tax Assessment Values Across Greenwood County, Kansas
In Greenwood County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Greenwood County Appraisal District. The assessed value, however, 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. Assessment notices in Greenwood County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Greenwood County is $39,700, with tax bills ranging from $279 at the 25th percentile to $2,824 at the 90th percentile. Notably, Fredonia has the highest median tax bill at $3,685, while Climax has the lowest at $165. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Greenwood County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Greenwood County Assessed Value
$39,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenwood County, Kansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Climax | $1,445 | $5,205 | $9,895 | $20,852 | $47,700 |
| Eureka | $4,588 | $14,420 | $42,070 | $87,600 | $144,150 |
| Fall River | $5,714 | $15,995 | $39,700 | $75,085 | $114,244 |
| Fredonia | $172,930 | $172,930 | $172,930 | $172,930 | $172,930 |
| Gridley | $49,322 | $67,822 | $98,310 | $127,215 | $276,273 |
| Hamilton | $3,400 | $8,770 | $29,180 | $65,210 | $102,760 |
| Lamont | $1,214 | $23,248 | $48,045 | $102,488 | $133,719 |
| Madison | $6,588 | $17,892 | $41,680 | $82,292 | $154,314 |
| Neal | N/A | N/A | N/A | N/A | N/A |
| Piedmont | $4,164 | $11,380 | $55,890 | $95,240 | $218,534 |
| Severy | $3,368 | $9,660 | $31,670 | $77,490 | $128,520 |
| Toronto | $29,116 | $38,900 | $66,660 | $133,815 | $250,386 |
| Virgil | $1,155 | $4,012 | $16,205 | $55,665 | $120,673 |
Source: Ownwell
Property Tax Bills Across Greenwood County, Kansas
In Greenwood County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Various factors, including the home's location, size, and condition, influence its market value. For instance, the median home price in Greenwood County is $39,700, significantly lower than the national median, resulting in relatively lower property tax bills. Homeowners in Greenwood County can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $279, while at the 75th percentile, it rises to $1,651. For those in the 90th percentile, tax bills can reach up to $2,824. The highest median tax bill in the county is $3,685 in Fredonia, whereas Climax boasts the lowest median tax bill at just $165. These variations impact homeowners differently, depending on their property's assessed value and specific location within the county.
Average Greenwood County Tax Bill
$769
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenwood County, Kansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Climax | $24 | $77 | $165 | $327 | $638 |
| Eureka | $100 | $298 | $818 | $1,734 | $2,807 |
| Fall River | $106 | $286 | $604 | $1,149 | $1,945 |
| Fredonia | $3,685 | $3,685 | $3,685 | $3,685 | $3,685 |
| Gridley | $829 | $1,388 | $2,013 | $2,724 | $6,315 |
| Hamilton | $66 | $174 | $560 | $1,388 | $2,734 |
| Lamont | $19 | $255 | $564 | $1,520 | $2,119 |
| Madison | $160 | $401 | $898 | $1,837 | $3,214 |
| Neal | N/A | N/A | N/A | N/A | N/A |
| Piedmont | $69 | $191 | $1,020 | $2,025 | $4,833 |
| Severy | $112 | $315 | $828 | $1,682 | $2,650 |
| Toronto | $512 | $698 | $1,503 | $2,921 | $5,611 |
| Virgil | $33 | $121 | $377 | $1,291 | $3,120 |
Source: Ownwell