Gem, Thomas County, Kansas Property Taxes

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

Median GEM, KS effective property tax rate: 1.42%, significantly higher than the national median of 1.02%, but lower than the Kansas state median of 1.43%.
Median GEM, KS home value: $53,740
Median annual GEM, KS tax bill: $795, $1,605 lower than the national median property tax bill of $2,400.

How are property taxes in Thomas calculated?

Property taxes in GEM, KS 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 GEM’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in GEM, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Gem, Thomas County, Kansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.42%

Estimate Property Tax Bill

$763

$708

Ownwell’s GEM Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in GEM with just two data points. By entering your property's estimated assessed value, our calculator applies GEM’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 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 Gem, Thomas County, Kansas

Local government entities determine tax rates, which can vary significantly within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In GEM, located in Thomas County, Kansas, the effective property tax rate is a crucial component of the local economy. The city’s rate stands at 1.42%, which is notably higher than the national median property tax rate of 1.02%. This means that property owners in GEM are contributing more to the local budget compared to the average American property owner. In Kansas, tax rates can differ from one city to another, but GEM's rate is consistent with the highest and lowest median tax rates in the state, both recorded at 1.42%. This positions GEM at the higher end of the spectrum when compared to other cities in the U.S., highlighting the importance of understanding and potentially appealing property tax assessments.

Property Tax Rates Across Gem, 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 Gem Tax Rate

1.42%

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 Gem, Thomas County, Kansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
67734	0.62%	1.10%	1.42%	1.51%	1.75%

Source: Ownwell

Property Tax Assessment Values Across Gem, Thomas County, Kansas

When examining property taxes in GEM, Kansas, 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 Appraisal District 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 GEM.

For example, the median home price in GEM is $53,740, with tax bills ranging significantly across the county. ZIP code 67734 has the highest median home price at $53,740.

Property Tax Assessment Values Across Gem, Thomas County, Kansas

Source: Ownwell

$50,840

$93,515

$136,190

Median Gem Market Value

$53,740

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 Gem, Thomas County, Kansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
67734	$5,242	$19,930	$53,740	$116,840	$225,162

Source: Ownwell

Property Tax Bills Across Gem, Thomas County, Kansas

In GEM, Kansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price here is $53,740. Homeowners in GEM face a range of tax bills, with the 25th percentile at $236 and the 75th percentile reaching $1,636, while the 90th percentile can climb to $3,403. These figures highlight the variability in tax burdens, which can significantly impact homeowners' finances. Compared to the national median property tax bill of $2,400, GEM offers a relatively favorable tax environment. However, even within this context, ensuring an accurate assessment is crucial. This is where Ownwell steps in, offering expertise in property tax appeals and exemptions. By leveraging local knowledge and experience, Ownwell helps homeowners potentially reduce their property tax bills, ensuring they only pay their fair share. This service can provide significant savings, especially for those at the higher end of the tax spectrum, making homeownership more affordable in GEM.

Property Tax Bills Across Gem, Thomas County, Kansas

Source: Ownwell

$766

$1,433

$2,099

Median Gem Tax Bill

$795

Median Thomas County Tax Bill

$1,936

Median Kansas Tax Bill

$2,595

Median United States Tax Bill

$2,400

Property Tax Bills Across Gem, Thomas County, Kansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
67734	$31	$236	$795	$1,636	$3,403

Source: Ownwell