Leona, Kansas Property Taxes
The median property tax rate in Leona, KS is 1.62%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Leona, the typical annual property tax bill reaches $4,174, exceeding the national median of $2,690. Property taxes in Leona 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 Leona'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 Leona 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
Leona, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$3,823
$3,547
Ownwell’s Leona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leona 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 Leona, Kansas
Property taxes in Leona, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Leona is 1.62%, significantly higher than the U.S. national median of 0.99%. Local government entities within Leona set these rates annually, and they can vary across different neighborhoods. Each year, Leona 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. For comparison, the zip code 66532 has both the highest and lowest median property tax rate of 1.62%. Understanding how these figures compare with Leona provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leona Tax Rate
1.62%
Average Brown County Tax Rate
1.17%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66532 | 1.04% | 1.26% | 1.62% | 1.99% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Leona, Kansas
In Leona, 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 Brown 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. 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 Leona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Leona, zip code 66532 has the highest median tax bill at $4,174, which is above the national median property tax rate of 0.99%.
Average Leona Assessed Value
$235,965
Average Brown County Assessed Value
$95,260
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66532 | $198,145 | $212,328 | $235,965 | $259,602 | $273,785 |
Source: Ownwell
Property Tax Bills Across Leona, Kansas
In Leona, located in Brown 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 market value of the property. Various factors influence this assessment, including the property's size, age, location, and any improvements made. Homeowners in Leona face a property tax rate that is influenced by local government budgets and needs. The median home price in Leona is $235,965, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,929, while the 75th percentile tax bill is $5,419. At the 90th percentile, homeowners might see tax bills as high as $6,166. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how Leona's property tax rates stack up. These property taxes fund essential public services, such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Leona Tax Bill
$4,174
Average Brown County Tax Bill
$1,072
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Leona, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66532 | $2,182 | $2,929 | $4,174 | $5,419 | $6,166 |
Source: Ownwell