Linwood, Kansas Property Taxes
The median property tax rate in Linwood, KS is 1.17%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Linwood, the typical annual property tax bill reaches $3,376, exceeding the national median of $2,690. Property taxes in Linwood are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Linwood's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Linwood or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Linwood, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$3,347
Ownwell’s Linwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linwood to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Linwood, Kansas
Property taxes in Linwood, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Linwood is 1.17%, which is higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Linwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linwood 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 Linwood's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66052 zip code has the highest median property tax rate of 1.17%, while the 66052 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Linwood provides valuable insights into the varying tax landscape across Leavenworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linwood Tax Rate
1.17%
Average Leavenworth County Tax Rate
1.24%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66052 | 0.99% | 1.13% | 1.17% | 1.25% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Linwood, Kansas
In Linwood, 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 Leavenworth 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 Linwood, 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. The median home price in Linwood is $286,060, with tax bills ranging from $2,055 at the 25th percentile to $6,355 at the 90th percentile. The highest and lowest median tax bills in the area are both $3,376, found in the 66052 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Linwood Assessed Value
$286,060
Average Leavenworth County Assessed Value
$241,600
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66052 | $64,680 | $144,930 | $286,060 | $404,910 | $543,498 |
Source: Ownwell
Property Tax Bills Across Linwood, Kansas
In Linwood, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is typically a percentage of the market value, determined by the county assessor. Various factors, such as property size, location, and improvements, contribute to the market value assessment. Homeowners in Linwood can expect property tax bills that vary significantly. For example, the 25th percentile tax bill is around $2,055, while the 75th percentile reaches $4,843, and the 90th percentile goes up to $6,355. The median home price in Linwood is $286,060, which influences these tax amounts. Compared to the national median property tax rate of 0.99%, Linwood's property tax rates can result in higher or lower tax bills depending on the assessed value. This variability impacts homeowners by affecting their annual financial planning and overall cost of homeownership. Understanding these factors can help residents better anticipate their property tax obligations.
Average Linwood Tax Bill
$3,376
Average Leavenworth County Tax Bill
$3,073
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Linwood, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66052 | $1,069 | $2,055 | $3,376 | $4,843 | $6,355 |
Source: Ownwell