Sherman County, Kansas Property Taxes
The median property tax rate in Sherman County is 1.56%, 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 Sherman County at $93,120, the typical annual property tax bill reaches $1,436, which is below the national median of $2,690. Property taxes in Sherman 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 Sherman 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 Goodland or another part of Sherman County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sherman County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$1,453
$1,348
Ownwell’s Sherman County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sherman County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sherman 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 Sherman County, Kansas
Property taxes in Sherman County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sherman County is 1.56%, which is higher than the U.S. national median of 0.99%. Local government entities within Sherman County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sherman 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. For comparison, the city of Kanorado has one of the higher property tax rates in Kansas at 2.24%, while the city of Goodland boasts one of the lowest at 1.54%. Analyzing how Sherman County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sherman County Tax Rate
1.56%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Sherman County, Kansas
In Sherman 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 Sherman 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 Sherman 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. 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 Sherman County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Brewster has the highest median tax bill at $2,867, while Kanorado has the lowest at $931.
Average Sherman County Assessed Value
$93,120
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Bills Across Sherman County, Kansas
In Sherman County, KS, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, which in Sherman County is influenced by factors such as location, property size, and condition. Once the assessed value is established, local tax rates, set by various taxing entities like schools, cities, and special districts, are applied to determine the final tax bill. For homeowners in Sherman County, the impact of property taxes can vary significantly. The 25th percentile tax bill is around $749, while the 75th percentile reaches up to $2,418. At the 90th percentile, homeowners might see tax bills as high as $3,582. In comparison, the national median property tax rate is 0.99%, making Sherman County's rates relatively moderate. However, specific areas within the county, such as Brewster, have higher median tax bills at $2,867, while Kanorado has the lowest at $931. This variation affects homeowners differently depending on their property's location and assessed value.
Average Sherman County Tax Bill
$1,436
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690