Mc Louth, Kansas Property Taxes
The median property tax rate in Mc Louth, KS is 1.00%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $279,260 in Mc Louth, the typical annual property tax bill reaches $2,878, surpassing the national median of $2,690. Property taxes in Mc Louth are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as 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 the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Louth, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,793
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, Kansas
Property taxes in Mc Louth, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Louth is 1.00%, slightly higher than 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 counties in Kansas and the national median. For comparison, the zip code 66054 has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Mc Louth provides valuable insights into the varying tax landscape across Leavenworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Louth Tax Rate
1.00%
Average Leavenworth County Tax Rate
1.24%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Louth, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66054 | 0.83% | 0.95% | 1.00% | 1.03% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Mc Louth, 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 Leavenworth 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 $279,260, with tax bills ranging from $2,155 at the 25th percentile to $4,259 at the 90th percentile. The zip code 66054 has both the highest and lowest median tax bill of $2,878. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Louth Assessed Value
$279,260
Average Leavenworth County Assessed Value
$241,600
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Louth, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66054 | $133,428 | $210,705 | $279,260 | $347,015 | $416,732 |
Source: Ownwell
Property Tax Bills Across Mc Louth, Kansas
In Mc Louth, located in Leavenworth County, KS, property tax bills are calculated using the assessed value of a home rather than its market value. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Mc Louth face tax bills that can vary significantly. For instance, at the 25th percentile, the annual property tax bill is around $2,155, while at the 75th percentile, it can rise to $3,508. Those at the 90th percentile may see bills as high as $4,259. Factors influencing these tax amounts include the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Mc Louth may experience varying degrees of tax burdens, depending on their property's assessed value and the local tax rate. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' annual financial planning and overall cost of homeownership.
Average Mc Louth Tax Bill
$2,878
Average Leavenworth County Tax Bill
$3,073
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Louth, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66054 | $1,334 | $2,155 | $2,878 | $3,508 | $4,259 |
Source: Ownwell