Lindsborg, Kansas Property Taxes
The median property tax rate in Lindsborg, KS is 1.36%, which is higher than the national median of 0.99% but slightly lower than the Kansas state median of 1.43%. With the median home value in Lindsborg at $171,215, the typical annual property tax bill reaches $2,213, falling below the national median of $2,690. Property taxes in Lindsborg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Lindsborg'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 Lindsborg 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
Lindsborg, Kansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,860
Ownwell’s Lindsborg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindsborg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindsborg 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 Lindsborg, Kansas
Property taxes in Lindsborg, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindsborg is 1.36%, significantly higher than both the Kansas state median of 1.32% and the U.S. national median of 0.99%. Local government entities within Lindsborg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindsborg 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 Lindsborg's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67456 zip code has the highest median property tax rate of 1.36%, while the 67456 zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Lindsborg provides valuable insights into the varying tax landscape across McPherson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindsborg Tax Rate
1.36%
Average Mcpherson County Tax Rate
1.47%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindsborg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67456 | 1.04% | 1.29% | 1.36% | 1.39% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Lindsborg, Kansas
In Lindsborg, 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 McPherson 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 Lindsborg, 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 Lindsborg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lindsborg is $2213 in the 67456 zip code, while the lowest median tax bill is also $2213 in the same zip code.
Average Lindsborg Assessed Value
$171,215
Average Mcpherson County Assessed Value
$161,285
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindsborg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67456 | $79,974 | $119,658 | $171,215 | $240,132 | $311,558 |
Source: Ownwell
Property Tax Bills Across Lindsborg, Kansas
In Lindsborg, located in McPherson 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. Homeowners in Lindsborg face varying property tax bills depending on several factors, including the assessed value of their property and the local tax rate. The median home price in Lindsborg is $171,215, and property tax bills can range significantly. For instance, the tax bill at the 25th percentile is $1,539, while it rises to $3,153 at the 75th percentile and $4,030 at the 90th percentile. The highest median tax bill in the area is $2,213, which is notably higher than the national median property tax rate of 0.99%. These variations in property tax bills affect homeowners by influencing their annual housing costs, potentially impacting their financial planning and overall affordability of homeownership.
Average Lindsborg Tax Bill
$2,213
Average Mcpherson County Tax Bill
$2,306
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindsborg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67456 | $965 | $1,539 | $2,213 | $3,153 | $4,030 |
Source: Ownwell