Louisburg, Kansas Property Taxes
The median property tax rate in Louisburg, KS is 1.06%, 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 $337,500, the typical annual property tax bill in Louisburg reaches $3,632, surpassing the national median of $2,690. Property taxes in Louisburg 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 Louisburg'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 Louisburg or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Louisburg, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$3,578
$3,320
Ownwell’s LOUISBURG Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LOUISBURG with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LOUISBURG 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 Louisburg, Kansas
Property taxes in Louisburg, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louisburg is 1.06%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Louisburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Louisburg 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 Louisburg's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66053 zip code has the highest median property tax rate of 1.06%, while the 66053 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Louisburg 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 Louisburg Tax Rate
1.06%
Average Miami County Tax Rate
1.07%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louisburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66053 | 0.90% | 0.95% | 1.06% | 1.13% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Louisburg, Kansas
In Louisburg, Kansas, understanding the difference between "market value" and "assessed value" is pivotal 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 Louisburg, 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. For instance, the zip code 66053 has the highest median tax bill at $3,632, while the lowest median tax bill is also in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Louisburg Assessed Value
$337,500
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 Louisburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66053 | $185,750 | $243,620 | $337,500 | $470,400 | $640,104 |
Source: Ownwell
Property Tax Bills Across Louisburg, Kansas
In Louisburg, 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. The tax rate, set by various local taxing authorities, is then applied to this assessed value to determine the tax bill. For example, with a median home price of $337,500, homeowners in Louisburg can expect a range of tax bills depending on their property's assessed value and specific tax rate. Factors such as property location, improvements, and market conditions play a significant role in determining the assessed value. In Miami County, the tax bill at the 25th percentile is $2,552, while at the 75th percentile, it is $4,848. The highest median tax bill in the area is $3,632. These property taxes can have a substantial impact on homeowners, influencing decisions about buying, selling, or making improvements to their properties. Comparing this to the national median property tax rate of 0.99%, Louisburg's property tax rates may vary, reflecting local economic conditions and funding needs.
Average Louisburg Tax Bill
$3,632
Average Miami County Tax Bill
$3,311
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Louisburg, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66053 | $1,867 | $2,552 | $3,632 | $4,848 | $6,329 |
Source: Ownwell