Leonardville, Kansas Property Taxes
The median property tax rate in Leonardville, KS is 1.35%, which is considerably higher than the national median of 0.99% but slightly lower than the Kansas state median of 1.43%. With a median home value of $124,500 in Leonardville, the typical annual property tax bill amounts to $1,740, which is below the national median of $2,690. Property taxes in Leonardville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Leonardville'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 Leonardville 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
Leonardville, 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 Leonardville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leonardville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leonardville 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 Leonardville, Kansas
Property taxes in Leonardville, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leonardville is 1.35%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Leonardville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leonardville 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 Leonardville's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66449 has both the highest and lowest median property tax rate of 1.35%, as it is the sole rate within the area. Understanding how these cities compare with Leonardville provides valuable insights into the varying tax landscape across Riley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leonardville Tax Rate
1.35%
Average Riley County Tax Rate
1.57%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leonardville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66449 | 1.14% | 1.25% | 1.35% | 1.49% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Leonardville, Kansas
In Leonardville, 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 Riley 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 Leonardville, 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 Leonardville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 66449, with a median tax bill of $1,740.
Average Leonardville Assessed Value
$124,500
Average Riley County Assessed Value
$217,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leonardville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66449 | $27,468 | $70,600 | $124,500 | $185,375 | $280,582 |
Source: Ownwell
Property Tax Bills Across Leonardville, Kansas
In Leonardville, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the Riley County tax assessor. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to this value to calculate the annual tax bill. For instance, with a median home price of $124,500 in Leonardville, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $933, while at the 75th percentile, it rises to $2,840. At the 90th percentile, it can go as high as $4,306. These tax bills can significantly impact homeowners, influencing their monthly mortgage payments and overall cost of living. Comparatively, Leonardville's median tax bill of $1,740 aligns closely with the national median property tax rate of 0.99%, providing a benchmark for understanding local tax obligations.
Average Leonardville Tax Bill
$1,740
Average Riley County Tax Bill
$3,525
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Leonardville, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66449 | $297 | $933 | $1,740 | $2,840 | $4,306 |
Source: Ownwell