Thomas County, Kansas Property Taxes

Name: Property Tax Bills Across Thomas County, Kansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Thomas County effective property tax rate: 1.59%, significantly higher than the national median of 1.02%.
Median Thomas County home value: $124,550
Median annual Thomas County tax bill: $1,936, $464 lower than the national median property tax bill of $2,400.

How are property taxes in Thomas County calculated?

Property taxes in Thomas County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Colby or another part of Thomas County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Thomas County, Kansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$1,980

$1,838

Ownwell’s Thomas County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thomas County with just two data points. By entering your property's estimated assessed value, our calculator applies Thomas County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Thomas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thomas County, Kansas

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county estimates the budget required to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Thomas County in Kansas has an effective property tax rate that can be compared to other counties in the state or the national median property tax rate of 1.02%. Within Kansas, Brewster has the highest median tax rate at 1.88%, while Gem boasts the lowest at 1.42%. Thomas County's rate falls within this spectrum, illustrating the diversity in property tax rates across the state. Understanding how your county's rate compares to others can provide valuable insight into your property tax obligations and potential savings. This comparison can also help homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across Thomas County, Kansas

Source: Ownwell

1.42%

1.65%

1.88%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Thomas County Tax Rate

1.59%

Median Effective Kansas Tax Rate

1.43%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Thomas County, Kansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Brewster	1.16%	1.51%	1.88%	2.01%	2.35%
Colby	1.26%	1.49%	1.59%	1.64%	1.69%
Gem	0.62%	1.10%	1.42%	1.51%	1.75%
Levant	0.83%	1.13%	1.48%	1.73%	2.62%
Rexford	0.98%	1.24%	1.55%	1.65%	1.95%
Menlo	N/A	N/A	N/A	N/A	N/A
Monument	N/A	N/A	N/A	N/A	N/A
Oakley	N/A	N/A	N/A	N/A	N/A
Selden	N/A	N/A	N/A	N/A	N/A
Winona	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Thomas County, Kansas

When examining property taxes in Thomas County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Thomas County Appraiser's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Thomas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Thomas County.

For example, the median tax bill in Thomas County is $2,099, with tax bills ranging significantly across the county. Colby has the highest median home price at $136,190.

Property Tax Assessment Values Across Thomas County, Kansas

Source: Ownwell

$50,840

$93,515

$136,190

Median Thomas County Market Value

$124,550

Median Kansas Market Value

$156,260

Median United States Market Value

$235,294

Property Tax Assessment Values Across Thomas County, Kansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Brewster	$21,370	$38,190	$78,250	$154,080	$235,190
Colby	$50,112	$85,100	$136,190	$192,005	$297,000
Gem	$5,242	$19,930	$53,740	$116,840	$225,162
Levant	$5,994	$18,575	$70,385	$146,115	$227,838
Rexford	$9,354	$21,840	$50,840	$109,332	$210,566
Menlo	N/A	N/A	N/A	N/A	N/A
Monument	N/A	N/A	N/A	N/A	N/A
Oakley	N/A	N/A	N/A	N/A	N/A
Selden	N/A	N/A	N/A	N/A	N/A
Winona	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Thomas County, Kansas

In Thomas County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $124,550, and this figure plays a crucial role in determining the tax bill. Homeowners in Thomas County face a range of tax bills, with the 25th percentile at $1,078, the 75th percentile at $2,857, and the 90th percentile reaching $4,357. These figures indicate the variation in tax burdens homeowners might experience. The city of Colby has the highest median tax bill within the county at $2,099, while Rexford has the lowest at $766. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Thomas County's figures show a diverse range of tax burdens that can significantly impact homeowners. Understanding these factors is essential for homeowners to manage their financial planning effectively.

Property Tax Bills Across Thomas County, Kansas

Source: Ownwell

$766

$1,433

$2,099

Median Thomas County Tax Bill

$1,936

Median Kansas Tax Bill

$2,595

Median United States Tax Bill

$2,400

Property Tax Bills Across Thomas County, Kansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Brewster	$322	$703	$1,348	$2,555	$4,025
Colby	$752	$1,332	$2,099	$2,987	$4,382
Gem	$31	$236	$795	$1,636	$3,403
Levant	$52	$259	$1,116	$2,539	$4,103
Rexford	$94	$317	$766	$1,580	$3,332
Menlo	N/A	N/A	N/A	N/A	N/A
Monument	N/A	N/A	N/A	N/A	N/A
Oakley	N/A	N/A	N/A	N/A	N/A
Selden	N/A	N/A	N/A	N/A	N/A
Winona	N/A	N/A	N/A	N/A	N/A

Source: Ownwell