Lyons, Kansas Property Taxes
The median property tax rate in Lyons, KS is 1.64%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Lyons at $67,180, the typical annual property tax bill reaches $1,059, exceeding the national median of $2,690. Property taxes in Lyons are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lyons'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 Lyons 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
Lyons, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$1,102
$1,022
Ownwell’s Lyons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyons 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 Lyons, Kansas
Property taxes in Lyons, Kansas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyons is 1.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lyons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyons 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 Lyons' effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 67554 has both the highest and lowest median property tax rate of 1.64%. Understanding how these cities compare with Lyons 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 Lyons Tax Rate
1.64%
Average Rice County Tax Rate
1.62%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyons, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67554 | 1.26% | 1.46% | 1.64% | 1.76% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Lyons, Kansas
In Lyons, 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 Lyons, 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 Lyons is $67,180, with tax bills ranging from $548 at the 25th percentile to $3,186 at the 90th percentile. The zip code 67554 has both the highest and lowest median tax bill at $1,059. 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 Lyons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lyons Assessed Value
$67,180
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 Lyons, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67554 | $18,200 | $36,110 | $67,180 | $127,942 | $187,175 |
Source: Ownwell
Property Tax Bills Across Lyons, Kansas
In Lyons, located in Rice County, KS, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. The median home price in Lyons stands at $67,180. Factors such as property size, location, and condition are considered to establish this market value. Tax rates are applied to the assessed value to calculate the annual tax bill. For homeowners in Lyons, the tax bill can vary significantly. The 25th percentile tax bill is $548, while the 75th percentile tax bill reaches $2,051. At the 90th percentile, homeowners might pay up to $3,186. Compared to the national median property tax rate of 0.99%, the tax obligations in Lyons can be relatively moderate, though they can still pose a financial burden depending on individual circumstances. Homeowners in the zip code 67554 experience a median tax bill of $1,059, reflecting the highest and lowest median tax bill in the area.
Average Lyons Tax Bill
$1,059
Average Rice County Tax Bill
$1,047
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyons, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67554 | $289 | $548 | $1,059 | $2,051 | $3,186 |
Source: Ownwell