Lehigh, Kansas Property Taxes
The median property tax rate in Lehigh, KS is 2.50%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Lehigh at $59,640, the typical annual property tax bill reaches $1,428, exceeding the national median of $2,690. Property taxes in Lehigh 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 Lehigh'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 Lehigh 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
Lehigh, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$1,491
Ownwell’s Lehigh Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lehigh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lehigh 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 Lehigh, Kansas
Property taxes in Lehigh, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lehigh is 2.50%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Lehigh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lehigh 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 Lehigh's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67073 has both the highest and lowest median property tax rate of 2.50%. Understanding how these cities compare with Lehigh provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lehigh Tax Rate
2.50%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lehigh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67073 | 1.64% | 1.87% | 2.50% | 2.61% | 4.12% |
Source: Ownwell
Property Tax Assessment Values Across Lehigh, Kansas
In Lehigh, 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 Marion 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 Lehigh, 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 Lehigh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 67073 has the highest median tax bill at $1,428, while the lowest median tax bill is also found in the same zip code at $1,428.
Average Lehigh Assessed Value
$59,640
Average Marion County Assessed Value
$76,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lehigh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67073 | $2,226 | $21,070 | $59,640 | $108,510 | $202,974 |
Source: Ownwell
Property Tax Bills Across Lehigh, Kansas
In Lehigh, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. For example, the median home price in Lehigh is $59,640, and the tax bills can range significantly. Homeowners in the 25th percentile pay around $628, while those in the 75th percentile face bills as high as $2,248. At the 90th percentile, tax bills can reach up to $4,000. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and home values can lead to substantial differences in tax obligations. For homeowners in Lehigh, understanding these factors is crucial for financial planning and anticipating annual property tax expenses.
Average Lehigh Tax Bill
$1,428
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lehigh, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67073 | $134 | $628 | $1,428 | $2,248 | $4,000 |
Source: Ownwell