Geuda Springs, Kansas Property Taxes
The median property tax rate in Geuda Springs, KS is 1.37%, which is higher than the national median of 0.99% but slightly lower than the Kansas state median of 1.43%. With a median home value of $58,530 in Geuda Springs, the typical annual property tax bill is $968, falling below the national median of $2,690. Property taxes in Geuda Springs are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Geuda Springs, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Geuda Springs or another part of Sumner County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Geuda Springs, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$802
$744
Ownwell’s Geuda Springs Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Geuda Springs with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Geuda Springs to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed insights, localized information on neighborhood trends is available further down the page. Your property’s assessed value is the value assigned by Sumner County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Geuda Springs, Kansas
Property taxes in Geuda Springs, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Geuda Springs is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Geuda Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Geuda Springs 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 Geuda Springs' effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 67051 has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Geuda Springs provides valuable insights into the varying tax landscape across Sumner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Geuda Springs Tax Rate
1.37%
Average Sumner County Tax Rate
1.55%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Geuda Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67051 | 1.14% | 1.22% | 1.37% | 1.57% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Geuda Springs, Kansas
In Geuda Springs, 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 Sumner 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 Geuda Springs, 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 Geuda Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $968, found in the zip code 67051.
Average Geuda Springs Assessed Value
$58,530
Average Sumner County Assessed Value
$90,990
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Geuda Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67051 | $10,184 | $17,890 | $58,530 | $132,790 | $223,774 |
Source: Ownwell
Property Tax Bills Across Geuda Springs, Kansas
In Geuda Springs, property tax bills are calculated based on the assessed value of a home, which is determined by the Sumner County appraisal district. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $58,530, various factors such as property size, location, and improvements are taken into account to determine this assessed value. The property tax rate is then applied to this assessed value to calculate the tax bill. Tax bills in Geuda Springs vary significantly. For example, the 25th percentile tax bill is $309, while the 75th percentile tax bill is $2,079, and the 90th percentile tax bill reaches $3,576. This disparity highlights how individual property characteristics and valuations influence the tax amount. With the highest and lowest median tax bill both at $968 in the zip code 67051, homeowners can expect to pay property taxes that are reflective of their specific property’s assessed value, impacting their overall financial planning and obligations.
Average Geuda Springs Tax Bill
$968
Average Sumner County Tax Bill
$1,397
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Geuda Springs, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67051 | $134 | $309 | $968 | $2,079 | $3,576 |
Source: Ownwell