Le Roy, Kansas Property Taxes
The median property tax rate in Le Roy, KS is 1.45%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Le Roy at $61,260, the typical annual property tax bill reaches $834, which is significantly below the national median of $2,690. Property taxes in Le Roy 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 Le Roy'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 Le Roy 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
Le Roy, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Le Roy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Le Roy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Le Roy 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 Le Roy, Kansas
Property taxes in Le Roy, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Le Roy is 1.45%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Le Roy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Le Roy 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 Le Roy's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66857 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Le Roy provides valuable insights into the varying tax landscape across Coffey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Le Roy Tax Rate
1.45%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Le Roy, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66857 | 1.02% | 1.20% | 1.45% | 1.55% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Le Roy, Kansas
In Le Roy, 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 Coffey 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 Le Roy, 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 Le Roy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 66857, with a median tax bill of $834, which is significantly lower than the national median property tax rate of 0.99%.
Average Le Roy Assessed Value
$61,260
Average Coffey County Assessed Value
$92,950
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Le Roy, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66857 | $8,130 | $26,145 | $61,260 | $134,398 | $228,559 |
Source: Ownwell
Property Tax Bills Across Le Roy, Kansas
In Le Roy, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $61,260, the assessed value is determined by local assessment practices. The property tax rate in Le Roy, part of Coffey County, is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local government budgets, school funding needs, and public service costs. For homeowners, this means the amount they owe can vary significantly. In Le Roy, the 25th percentile of tax bills is around $369, while the 75th percentile reaches $1,855, and the 90th percentile can be as high as $3,053. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Le Roy to understand how local rates and property assessments impact their finances. Knowing these details helps homeowners budget accordingly and anticipate changes in their annual property tax obligations.
Average Le Roy Tax Bill
$834
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Le Roy, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66857 | $102 | $369 | $834 | $1,855 | $3,053 |
Source: Ownwell