Admire, Lyon County, Kansas Property Taxes
The median property tax rate in Admire, KS is 1.19%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $84,590 in Admire, the typical annual property tax bill amounts to $973, falling below the national median of $2,690. Property taxes in Admire are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Admire'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 Admire 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
Admire, Lyon County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,007
$934
Ownwell’s Admire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Admire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Admire 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 Admire, Lyon County, Kansas
Property taxes in Admire, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Admire is 1.19%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Admire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Admire 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 Admire's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66830 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Admire 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 Admire Tax Rate
1.19%
Average Lyon County Tax Rate
1.51%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Admire, Lyon County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66830 | 0.95% | 1.05% | 1.19% | 1.33% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Admire, Lyon County, Kansas
In Admire, 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 Admire, 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 Admire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $973, found in the 66830 zip code.
Property Tax Assessment Values Across Admire, Lyon County, Kansas
Source: Ownwell
$81,195
$132,395
$183,595
Average Admire Assessed Value
$84,590
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 Admire, Lyon County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66830 | $5,641 | $34,865 | $84,590 | $198,135 | $271,049 |
Source: Ownwell
Property Tax Bills Across Admire, Lyon County, Kansas
In Admire, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners, understanding these elements is crucial as they directly impact the financial obligations tied to property ownership. For instance, with a median home price of $84,590 in Admire, homeowners might see varying tax bills. The 25th percentile tax bill is around $415, while the 75th percentile reaches up to $2,231. At the 90th percentile, tax bills can go as high as $2,986. These figures illustrate the range of financial responsibilities homeowners might face, influenced by the local property tax rate and assessed property values. Compared to the national median property tax rate of 0.99%, homeowners in Admire might experience different financial impacts based on their property’s assessed value and the local tax rate.
Average Admire Tax Bill
$973
Average Lyon County Tax Bill
$2,056
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Admire, Lyon County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66830 | $71 | $415 | $973 | $2,231 | $2,986 |
Source: Ownwell