Leon, Kansas Property Taxes
The median property tax rate in LEON, KS is 1.21%, which is higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $133,680 in LEON, the typical annual property tax bill amounts to $1,501, which is below the national median of $2,690. Property taxes in LEON are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding LEON'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 LEON 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
Leon, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,618
$1,501
Ownwell’s Leon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leon 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 Leon, Kansas
Property taxes in Leon, Kansas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leon is 1.21%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Leon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leon 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 Leon's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67074 zip code has the highest median property tax rate of 1.21%, while the 67074 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Leon provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leon Tax Rate
1.21%
Average Butler County Tax Rate
1.35%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leon, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67074 | 0.77% | 1.00% | 1.21% | 1.36% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Leon, Kansas
In Leon, 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 Butler County 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 in Leon 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 Leon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Leon is $133,680, with tax bills ranging from $854 at the 25th percentile to $3,376 at the 90th percentile. The zip code with the highest and lowest median tax bill is 67074, both at $1,501.
Average Leon Assessed Value
$133,680
Average Butler County Assessed Value
$188,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leon, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67074 | $38,828 | $74,238 | $133,680 | $197,350 | $271,818 |
Source: Ownwell
Property Tax Bills Across Leon, Kansas
In Leon, property tax bills are calculated by multiplying the assessed value of the home by the local tax rate. The assessed value is determined based on a percentage of the market value of the property. For instance, if a home has a market value of $133,680, the assessed value is derived from this figure. The local property tax rate in Leon is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's market value, location, and any applicable exemptions. Homeowners in Leon can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is around $854, while at the 75th percentile, it rises to approximately $2,342. At the 90th percentile, it can reach up to $3,376. These variations can significantly impact homeowners, with higher-valued properties generally facing steeper tax bills. This financial obligation underscores the importance of understanding property tax assessments and exploring potential exemptions to mitigate costs.
Average Leon Tax Bill
$1,501
Average Butler County Tax Bill
$2,390
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Leon, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67074 | $369 | $854 | $1,501 | $2,342 | $3,376 |
Source: Ownwell