Lincolnville, Kansas Property Taxes
The median property tax rate in Lincolnville, KS is 2.16%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Lincolnville at $54,500, the typical annual property tax bill reaches $1,036, surpassing the national median of $2,690. Property taxes in Lincolnville 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 Lincolnville'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 Lincolnville 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
Lincolnville, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.16%
Estimate Property Tax Bill
$1,177
Ownwell’s Lincolnville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lincolnville with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lincolnville to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax obligations. For those interested in more detailed trends at the neighborhood level, we offer localized information further down the page. Your property's assessed value is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Lincolnville, Kansas
Property taxes in Lincolnville, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lincolnville is 2.16%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Lincolnville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lincolnville 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 Lincolnville's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66858 has both the highest and lowest median property tax rate of 2.16%. Understanding how these areas compare with Lincolnville 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 Lincolnville Tax Rate
2.16%
Average Marion County Tax Rate
2.06%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincolnville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66858 | 1.43% | 1.67% | 2.16% | 2.44% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Lincolnville, Kansas
In Lincolnville, 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 Lincolnville, 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 Lincolnville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 66858 has the highest median tax bill at $1,036, while the lowest median tax bill is also $1,036, highlighting a uniformity in tax bills within the area.
Average Lincolnville Assessed Value
$54,500
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 Lincolnville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66858 | $8,730 | $25,240 | $54,500 | $103,550 | $177,120 |
Source: Ownwell
Property Tax Bills Across Lincolnville, Kansas
In Lincolnville, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in Lincolnville is $54,500. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. Factors such as property location within Marion County and any applicable exemptions can also influence the final amount. Homeowners in Lincolnville can expect to pay a wide range of property taxes. The tax bill at the 25th percentile is $539, while at the 75th percentile, it is $2,036. Those at the 90th percentile see tax bills reaching up to $3,303. The median tax bill in the area is $1,036, which is significantly higher than the national median property tax rate of 0.99%. These variations can impact homeowners' financial planning and overall affordability of their homes. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Lincolnville Tax Bill
$1,036
Average Marion County Tax Bill
$1,500
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincolnville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66858 | $276 | $539 | $1,036 | $2,036 | $3,303 |
Source: Ownwell