Gypsum, Saline County, Kansas Property Taxes
The median property tax rate in Gypsum, KS is 1.30%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $103,400 in Gypsum, the typical annual property tax bill amounts to $1,534, which is below the national median of $2,690. Property taxes in Gypsum are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Gypsum's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Gypsum or another part of the city, a good grasp of the local property tax system is essential for financial planning.
Last Updated June 14, 2024
Gypsum, Saline County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,344
$1,247
Ownwell’s Gypsum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gypsum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gypsum 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 Gypsum, Saline County, Kansas
Property taxes in Gypsum, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gypsum is 1.30%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Gypsum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gypsum 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 Gypsum's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67448 zip code has the highest median property tax rate of 1.30%, while the 67448 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Gypsum provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gypsum Tax Rate
1.30%
Average Saline County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gypsum, Saline County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | 0.75% | 1.07% | 1.30% | 1.58% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Gypsum, Saline County, Kansas
In Gypsum, 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 Saline 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 Gypsum, 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 Gypsum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1534 in the 67448 zip code, while the lowest median tax bill is also $1534 in the same zip code.
Property Tax Assessment Values Across Gypsum, Saline County, Kansas
Source: Ownwell
$72,000
$151,045
$230,090
Average Gypsum Assessed Value
$103,400
Average Saline County Assessed Value
$132,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gypsum, Saline County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | $8,010 | $43,100 | $103,400 | $222,200 | $289,780 |
Source: Ownwell
Property Tax Bills Across Gypsum, Saline County, Kansas
In Gypsum, located in Saline County, KS, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate. For example, with a median home price of $103,400, homeowners can expect their tax bill to vary significantly. The 25th percentile tax bill is around $728, while the 75th percentile tax bill can reach up to $2,676. At the higher end, the 90th percentile tax bill is approximately $3,936. Several factors influence these tax bills, including the property's assessed value, the local tax rate, and any applicable exemptions. Homeowners in Gypsum may find their tax bills higher or lower depending on these variables. The highest median tax bill in the area is $1,534, which is notably higher than the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Gypsum Tax Bill
$1,534
Average Saline County Tax Bill
$2,055
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Gypsum, Saline County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67448 | $67 | $728 | $1,534 | $2,676 | $3,936 |
Source: Ownwell