Allen, Kansas Property Taxes
The median property tax rate in Allen, KS is 1.20%, 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 Allen at $81,195, the typical annual property tax bill reaches $1,051, which is below the national median of $2,690. Property taxes in Allen 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 Allen'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 Allen 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
Allen, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$974
-$10,211
Ownwell’s Allen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allen 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 Allen, Kansas
Property taxes in Allen, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Allen is 1.20%, significantly higher than the national median of 0.99%. Local government entities within Allen set these rates annually, and they can vary across different neighborhoods. Each year, Allen 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 Allen's effective property tax rate to other regions in Kansas and the national median. For comparison, the zip code 66833 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these areas compare with Allen provides valuable insights into the varying tax landscape across Lyon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allen Tax Rate
1.20%
Average Lyon County Tax Rate
1.51%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allen, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66833 | 0.98% | 1.11% | 1.20% | 1.38% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Allen, Kansas
In Allen, 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 local 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 Allen, 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 Allen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,051, found in zip code 66833.
Average Allen Assessed Value
$81,195
Average Lyon County Assessed Value
$135,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allen, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66833 | $6,471 | $33,588 | $81,195 | $190,835 | $296,450 |
Source: Ownwell
Property Tax Bills Across Allen, Kansas
Property tax bills in Allen, KS, are determined based on the assessed value of a property, which is a percentage of its market value. The local government assesses the property to establish its market value and then applies an assessment ratio to determine the assessed value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. In Allen, the median home price is $81,195, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $412, while the 75th percentile reaches $2,164. At the 90th percentile, homeowners might pay as much as $3,665. These figures indicate a wide range of property tax liabilities, influenced by factors such as property value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Allen's property taxes can represent a substantial financial consideration for homeowners.
Average Allen Tax Bill
$1,051
Average Lyon County Tax Bill
$2,056
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Allen, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66833 | $85 | $412 | $1,051 | $2,164 | $3,665 |
Source: Ownwell