66503 Property Tax Rate

Property owners in ZIP code 66503 (Manhattan, Kansas) pay a median of $4,347/year in property taxes on homes valued at $325,400. This translates to an effective tax rate of 1.34%, which is 7% below the Kansas state average of 1.44%.

The monthly property tax burden for a median-valued home in 66503 is approximately $362, which factors into escrow payments on mortgages. This ZIP code is located within Riley County. This is $2,342 more than the Kansas average of $2,005/year.

Compared to similar ZIP codes in Kansas, 66503 has higher property taxes. ZIP codes with similar effective rates include 66869 (1.34%) and 66501 (1.33%).

In Manhattan, property taxes represent approximately 4.5% of the median household income of $96,000, providing context for the relative tax burden on homeowners in this area.

Kansas assesses property at 12% of fair market value with no cap on reassessment at sale, meaning your tax bill adjusts to current market conditions when you purchase. Riley County offers a Homestead Property Tax Exemption for primary residences and a Senior Homestead Exemption for owners 65+ — contact the Riley County Appraiser's office to file before the January 1 assessment deadline. File your exemption application immediately after closing to ensure it applies to your first tax bill.