Emporia, Kansas Property Taxes
The median property tax rate in Emporia, KS is 1.54%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Emporia at $138,275, the typical annual property tax bill reaches $2,156, exceeding the national median of $2,690. Property taxes in Emporia 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 Emporia'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 Emporia 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
Emporia, 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 Emporia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emporia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emporia 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 Emporia, Kansas
Property taxes in Emporia, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Emporia is 1.54%, significantly higher than the U.S. national median of 0.99%. Local government entities within Emporia set these rates annually, and they can vary across different neighborhoods. Each year, Emporia 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 Emporia's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66801 has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Emporia 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 Emporia Tax Rate
1.54%
Average Lyon County Tax Rate
1.51%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emporia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66801 | 1.20% | 1.38% | 1.54% | 1.66% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Emporia, Kansas
In Emporia, 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 Lyon 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 Emporia, 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 Emporia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Emporia are both $2,156, found in zip code 66801.
Average Emporia Assessed Value
$138,275
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 Emporia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66801 | $48,700 | $84,108 | $138,275 | $216,978 | $302,092 |
Source: Ownwell
Property Tax Bills Across Emporia, Kansas
In Emporia, located in Lyon County, KS, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, if the median home price in Emporia is $138,275, the assessed value is a fraction of this amount, set by state regulations. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the tax bill, including property type, improvements, and market conditions. Homeowners in Emporia can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is $1,233, while the 75th percentile tax bill is $3,256, and the 90th percentile reaches $4,516. The median tax bill in the 66801 zip code stands at $2,156. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Emporia Tax Bill
$2,156
Average Lyon County Tax Bill
$2,056
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Emporia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66801 | $682 | $1,233 | $2,156 | $3,256 | $4,516 |
Source: Ownwell