Little River, Kansas Property Taxes
The median property tax rate in Little River, KS is 1.67%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Little River at $95,480, the typical annual property tax bill reaches $1,645, which is below the national median of $2,690. Property taxes in Little River are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Little River'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 Little River 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
Little River, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$1,595
$1,480
Ownwell’s Little River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Little River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Little River 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 Little River, Kansas
Property taxes in Little River, Kansas, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Little River is 1.67%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Little River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Little River 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 Little River's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67457 ZIP code has the highest median property tax rate of 1.67%, while the same ZIP code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Little River provides valuable insights into the varying tax landscape across Rice County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Little River Tax Rate
1.67%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Little River, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67457 | 1.27% | 1.48% | 1.67% | 1.83% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Little River, Kansas
In Little River, 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 Rice 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 Little River, 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 median home price in Little River is $95,480, with tax bills ranging from $668 at the 25th percentile to $4,635 at the 90th percentile. The zip code with the highest and lowest median tax bill is 67457, with a median tax bill of $1,645. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Little River Assessed Value
$95,480
Average Rice County Assessed Value
$67,595
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Little River, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67457 | $18,360 | $43,375 | $95,480 | $176,495 | $244,120 |
Source: Ownwell
Property Tax Bills Across Little River, Kansas
Property tax bills in Little River, located in Rice County, KS, are determined by several key factors. The process begins with the assessed value of a property, which is a percentage of its market value. In Little River, the median home price is $95,480. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Little River, property tax bills can vary significantly. The 25th percentile tax bill is around $668, while the 75th percentile reaches up to $3,068. At the higher end, the 90th percentile tax bill can be as much as $4,635. These variations are influenced by the property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Little River's tax bills reflect the local economic conditions and funding requirements for public services. Homeowners need to be aware of these factors as they directly impact their annual financial obligations and the value of their investment in the community.
Average Little River Tax Bill
$1,645
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Little River, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67457 | $305 | $668 | $1,645 | $3,068 | $4,635 |
Source: Ownwell