Lawrence, Kansas Property Taxes
The median property tax rate in Lawrence, KS is 1.08%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With the median home value in Lawrence at $316,470, the typical annual property tax bill reaches $3,909, surpassing the national median of $2,690. Property taxes in Lawrence 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 Lawrence'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 Lawrence 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
Lawrence, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$3,418
Ownwell’s Lawrence Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lawrence with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lawrence to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Lawrence, Kansas
Property taxes in Lawrence, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawrence is 1.08%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Lawrence set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawrence 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 Lawrence's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66044 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Lawrence provides valuable insights into the varying tax landscape across Leavenworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawrence Tax Rate
1.08%
Average Leavenworth County Tax Rate
1.24%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawrence, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66044 | 1.02% | 1.07% | 1.08% | 1.21% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Lawrence, Kansas
In Lawrence, 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 Leavenworth 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 Lawrence, 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 Lawrence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 66044, with a median tax bill of $3,909.
Average Lawrence Assessed Value
$316,470
Average Leavenworth County Assessed Value
$241,600
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawrence, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66044 | $19,404 | $144,140 | $316,470 | $474,700 | $587,498 |
Source: Ownwell
Property Tax Bills Across Lawrence, Kansas
In Lawrence, Kansas, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Various factors are considered when determining the market value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. Once the assessed value is established, local tax rates are applied to calculate the property tax bill. These rates can vary depending on the specific needs and budget requirements of local government entities such as schools, municipalities, and special districts. In Lawrence, the median home price is $316,470, and property tax bills can range significantly. For instance, the tax bill at the 25th percentile is $3,057, while at the 75th percentile, it reaches $5,486. The highest median tax bill in the area is $3,909, recorded in the 66044 zip code. Understanding how property tax bills are calculated is crucial for homeowners, as it directly impacts their annual expenses and overall financial planning.
Average Lawrence Tax Bill
$3,909
Average Leavenworth County Tax Bill
$3,073
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawrence, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66044 | $2,258 | $3,057 | $3,909 | $5,486 | $6,460 |
Source: Ownwell