Mc Louth, Jefferson County, Kansas Property Taxes
The median property tax rate in Mc Louth, KS is 1.18%, slightly higher than the national median of 0.99%, but below the Kansas state median of 1.43%. With a median home value of $199,000 in Mc Louth, the typical annual property tax bill amounts to $2,413, which is under the national median of $2,690. Property taxes in Mc Louth are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mc Louth'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 Mc Louth or another part of Jefferson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Louth, Jefferson County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$2,348
$2,179
Ownwell’s MC LOUTH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC LOUTH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC LOUTH 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 Mc Louth, Jefferson County, Kansas
Property taxes in Mc Louth, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Louth is 1.18%, which is significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Mc Louth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Louth 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 Mc Louth's effective property tax rate to other regions in Kansas and the national median. For comparison, the zip code 66054 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these areas compare with Mc Louth provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Louth Tax Rate
1.18%
Average Jefferson County Tax Rate
1.23%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Louth, Jefferson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66054 | 0.93% | 1.06% | 1.18% | 1.35% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Mc Louth, Jefferson County, Kansas
In Mc Louth, 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 Jefferson 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 Mc Louth, 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. The median home price in Mc Louth is $199,000, with the 25th percentile tax bill at $1,764 and the 75th percentile tax bill at $3,084. The highest and lowest median tax bills are both $2,413 in zip code 66054. Being aware of these valuation processes in Mc Louth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mc Louth, Jefferson County, Kansas
Source: Ownwell
$118,115
$194,253
$270,390
Average Mc Louth Assessed Value
$199,000
Average Jefferson County Assessed Value
$183,070
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Louth, Jefferson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66054 | $100,124 | $145,500 | $199,000 | $272,820 | $348,562 |
Source: Ownwell
Property Tax Bills Across Mc Louth, Jefferson County, Kansas
In McLouth, Jefferson County, KS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, if a home has a median market price of $199,000, the assessed value would be a fraction of this amount, depending on state guidelines. Homeowners in McLouth can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,764, while the 75th percentile reaches $3,084, and the 90th percentile can go up to $3,907. These variations reflect differences in property values and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, McLouth's tax bills indicate a range that can impact homeowners differently, depending on their property's assessed value and the specific tax rate applied. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Mc Louth Tax Bill
$2,413
Average Jefferson County Tax Bill
$2,300
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Louth, Jefferson County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66054 | $1,181 | $1,764 | $2,413 | $3,084 | $3,907 |
Source: Ownwell