Lebo, Kansas Property Taxes
The median property tax rate in Lebo, KS is 1.28%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Lebo, the typical annual property tax bill amounts to $1,317, which is below the national median of $2,690. Property taxes in Lebo are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Lebo'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 Lebo or another part of Coffey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lebo, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,356
Ownwell’s Lebo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lebo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lebo 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 Lebo, Kansas
Property taxes in Lebo, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lebo is 1.28%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Lebo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lebo 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 Lebo's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66856 zip code has the highest median property tax rate of 1.28%, while the 66856 zip code has the lowest median tax rate of 1.28%. Understanding how these cities compare with Lebo 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 Lebo Tax Rate
1.28%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lebo, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66856 | 0.96% | 1.08% | 1.28% | 1.35% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Lebo, Kansas
In Lebo, 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 Lebo, 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 Lebo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $1,317, are found in the 66856 zip code.
Average Lebo Assessed Value
$105,935
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 Lebo, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66856 | $22,489 | $48,918 | $105,935 | $177,558 | $252,019 |
Source: Ownwell
Property Tax Bills Across Lebo, Kansas
In Lebo, Coffey County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and this percentage can vary. Factors such as the property's location, size, and improvements are considered in this assessment. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For example, with a median home price of $105,935, homeowners in Lebo can expect tax bills that range significantly. The tax bill at the 25th percentile is approximately $636, while at the 75th percentile, it rises to around $2,186. The highest tax bills, at the 90th percentile, can reach up to $2,995. These property taxes fund essential public services such as schools, roads, and emergency services, directly affecting homeowners by contributing to the overall quality of life in the community. Compared to the national median property tax rate of 0.99%, Lebo's property tax rates reflect local economic conditions and public funding needs.
Average Lebo Tax Bill
$1,317
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lebo, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66856 | $260 | $636 | $1,317 | $2,186 | $2,995 |
Source: Ownwell