Linn, Kansas Property Taxes
The median property tax rate in Linn, KS is 1.08%, slightly above the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value in Linn of $101,865, the typical annual property tax bill amounts to $906, which is below the national median of $2,690. Property taxes in Linn are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Linn’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 Linn 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
Linn, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,100
Ownwell’s LINN Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in LINN with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in LINN to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, more localized information is available further down the page. Your property’s assessed value is determined by the county for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Linn, Kansas
Property taxes in Linn, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linn is 1.25%, higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Linn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linn 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 Linn's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66953 zip code has the highest median property tax rate of 1.25%, while the 66953 zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Linn provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linn Tax Rate
1.08%
Average Washington County Tax Rate
1.08%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linn, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66953 | 0.40% | 0.75% | 1.08% | 1.30% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Linn, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Linn, Kansas. 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 local 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 Linn, 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 Linn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $906.00, found in the zip code 66953.
Average Linn Assessed Value
$101,865
Average Washington County Assessed Value
$82,220
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linn, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66953 | $28,378 | $55,765 | $101,865 | $170,910 | $259,677 |
Source: Ownwell
Property Tax Bills Across Linn, Kansas
In Linn, Kansas, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. For instance, the median home price in Linn is $101,865. The local property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Linn can expect their tax bills to vary significantly. For example, the tax bill at the 25th percentile is $427, while at the 75th percentile, it rises to $1,535. At the 90th percentile, it can reach as high as $1,932. These figures illustrate the range of property tax bills within the city. Factors such as property improvements, neighborhood changes, and local tax rates also influence the final amount. Compared to the national median property tax rate of 0.99%, Linn's property tax rates can have a substantial impact on homeowners, affecting their annual financial planning and overall cost of homeownership. This variation underscores the importance of understanding local property tax assessments and their implications.
Average Linn Tax Bill
$906
Average Washington County Tax Bill
$749
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Linn, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66953 | $187 | $427 | $906 | $1,535 | $1,932 |
Source: Ownwell