Lecompton, Kansas Property Taxes
The median property tax rate in Lecompton, KS is 1.38%, which is higher than the national median of 0.99% but slightly below the Kansas state median of 1.43%. With a median home value of $234,165 in Lecompton, the typical annual property tax bill amounts to $3,337, significantly surpassing the national median of $2,690. Property taxes in Lecompton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lecompton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lecompton or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lecompton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$3,231
Ownwell’s Lecompton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lecompton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lecompton 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 Lecompton, Kansas
Property taxes in Lecompton, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lecompton is 1.38%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Lecompton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lecompton 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 Lecompton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66050 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Lecompton provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lecompton Tax Rate
1.38%
Average Douglas County Tax Rate
1.47%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lecompton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66050 | 1.31% | 1.35% | 1.38% | 1.48% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Lecompton, Kansas
In Lecompton, 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 Douglas 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 Lecompton, 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. The zip code 66050 in Lecompton has the highest median tax bill at $3,337, which is significantly above the national median property tax rate of 0.99%. Being aware of these valuation processes in Lecompton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lecompton Assessed Value
$234,165
Average Douglas County Assessed Value
$271,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lecompton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66050 | $98,492 | $160,142 | $234,165 | $355,025 | $505,168 |
Source: Ownwell
Property Tax Bills Across Lecompton, Kansas
In Lecompton, located in Douglas County, KS, property tax bills are calculated based on the assessed value of the property, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the property tax bill. Factors such as the property's location, size, and improvements, as well as any applicable exemptions or deductions, play a significant role in determining the final tax bill. Homeowners in Lecompton face varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is approximately $2,289, while the 75th percentile tax bill reaches up to $5,032. The 90th percentile tax bill can be as high as $7,114, indicating a wide range of property tax burdens within the city. The highest and lowest median tax bill in the area is $3,337, which is notably higher than the national median property tax rate of 0.99%. These taxes significantly impact homeowners by influencing their annual housing costs and potentially affecting their financial planning and homeownership decisions.
Average Lecompton Tax Bill
$3,337
Average Douglas County Tax Bill
$4,065
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lecompton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66050 | $1,359 | $2,289 | $3,337 | $5,032 | $7,114 |
Source: Ownwell