67701 Property Tax Rate

Property owners in ZIP code 67701 (Colby, Kansas) pay a median of $2,328/year in property taxes on homes valued at $166,600. This translates to an effective tax rate of 1.40%, which is 3% below the Kansas state average of 1.44%.

The monthly property tax burden for a median-valued home in 67701 is approximately $194, which factors into escrow payments on mortgages. This ZIP code is located within Thomas County. This is $323 more than the Kansas average of $2,005/year.

Compared to similar ZIP codes in Kansas, 67701 has higher property taxes. ZIP codes with similar effective rates include 66533 (1.40%) and 67460 (1.40%).

In Colby, property taxes represent approximately 3.2% of the median household income of $72,188, providing context for the relative tax burden on homeowners in this area.

Kansas has no statewide property tax cap; Thomas County reassesses property every four years and will value your home at the purchase price upon sale. Apply for the Homestead Property Tax Exemption through the Thomas County Appraiser if you are 65+ or disabled to reduce your taxable assessed value and lower your annual bill. Submit any value appeal within 30 days of receiving your assessment notice.