Grantville, Kansas Property Taxes
The median property tax rate in Grantville, Kansas is 1.12%, which is notably higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $176,100 in Grantville, the typical annual property tax bill comes to approximately $2,000, falling short of the national median of $2,690. Property taxes in Grantville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Grantville'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 Grantville or another part of Jefferson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grantville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,972
$1,830
Ownwell’s Grantville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grantville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grantville 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 Grantville, Kansas
Property taxes in Grantville, Kansas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Grantville is 1.12%, which is higher than the U.S. national median of 0.99%. Local government entities within Grantville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grantville 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 Grantville's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66429 has both the highest and lowest median property tax rate of 1.12%. Understanding how these areas compare with Grantville provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grantville Tax Rate
1.12%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grantville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66429 | 0.93% | 1.03% | 1.12% | 1.22% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Grantville, Kansas
In Grantville, 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 Jefferson 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 Grantville, 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 Grantville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Grantville are both recorded at $2,000 in the zip code 66429, which provides a useful benchmark for residents to evaluate their own tax positions.
Average Grantville Assessed Value
$176,100
Average Jefferson County Assessed Value
$183,070
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grantville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66429 | $98,408 | $137,200 | $176,100 | $217,900 | $264,014 |
Source: Ownwell
Property Tax Bills Across Grantville, Kansas
In Grantville, Kansas, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and home improvements. For instance, with a median home price of $176,100, homeowners can expect varying tax bills depending on their property's assessed value and the local tax rate. Tax bills in Grantville show significant variation, with the 25th percentile at $1,485 and the 75th percentile reaching $2,512. At the higher end, the 90th percentile tax bill climbs to $3,222. Compared to the national median property tax rate of 0.99%, these figures reflect the local economic conditions and funding needs. Homeowners in Grantville should be aware that property taxes fund essential services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated can help residents plan their finances better and ensure they are paying a fair amount based on their property's assessed value.
Average Grantville Tax Bill
$2,000
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Grantville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66429 | $1,062 | $1,485 | $2,000 | $2,512 | $3,222 |
Source: Ownwell