La Cygne, Kansas Property Taxes
The median property tax rate in La Cygne, KS is 0.89%, which is lower than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $319,110 in La Cygne, the typical annual property tax bill is around $2,702, slightly below the national median of $2,690. Property taxes in La Cygne are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding La Cygne'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 La Cygne 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
La Cygne, 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 LA CYGNE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA CYGNE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA CYGNE 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 La Cygne, Kansas
Property taxes in LA CYGNE, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA CYGNE is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within LA CYGNE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA CYGNE 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 LA CYGNE's effective property tax rate to other areas in Miami County and the national median. For comparison, the zip code 66040 has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with LA CYGNE provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Cygne Tax Rate
0.89%
Average Miami County Tax Rate
1.07%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Cygne, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66040 | 0.68% | 0.82% | 0.89% | 0.95% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across La Cygne, Kansas
In LA CYGNE, 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 Miami 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 LA CYGNE, 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. The median home price in LA CYGNE is $319,110, with tax bills varying significantly. The 25th percentile tax bill is $2,014, while the 75th percentile tax bill is $3,952. The highest median tax bill of $2,702 is found in the zip code 66040. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Cygne Assessed Value
$319,110
Average Miami County Assessed Value
$304,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Cygne, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66040 | $184,121 | $237,078 | $319,110 | $437,545 | $610,848 |
Source: Ownwell
Property Tax Bills Across La Cygne, Kansas
In LA CYGNE, located in Miami County, KS, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the home's market value, which in this region has a median home price of $319,110. This value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in LA CYGNE, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $2,014, while the 75th percentile reaches $3,952, and the 90th percentile can be as high as $5,802. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in LA CYGNE may seem higher, but they reflect the specific economic and infrastructural needs of the local community. Homeowners in this area must budget accordingly, as property taxes are a significant part of homeownership costs.
Average La Cygne Tax Bill
$2,702
Average Miami County Tax Bill
$3,311
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across La Cygne, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66040 | $1,529 | $2,014 | $2,702 | $3,952 | $5,802 |
Source: Ownwell