Ford, Kansas Property Taxes
The median property tax rate in Ford, KS is 1.94%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Ford, the typical annual property tax bill reaches $1,144, exceeding the national median of $2,690. Property taxes in Ford 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 Ford'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 Ford 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
Ford, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$1,092
Ownwell’s Ford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ford 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 Ford, Kansas
Property taxes in Ford, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ford is 1.94%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ford 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 Ford's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67842 zip code has the highest median property tax rate of 1.94%, while the same 67842 zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Ford provides valuable insights into the varying tax landscape across Ford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ford Tax Rate
1.94%
Average Ford County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67842 | 1.62% | 1.94% | 1.94% | 2.08% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Ford, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ford, 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 Ford, 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. Ford has a median home price of $56,265, with the 25th percentile tax bill at $397 and the 75th percentile at $2,682. Notably, the highest and lowest median tax bills both stand at $1,144 in the 67842 zip code. By understanding 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 Ford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ford Assessed Value
$56,265
Average Ford County Assessed Value
$108,530
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67842 | $4,925 | $19,285 | $56,265 | $122,778 | $200,715 |
Source: Ownwell
Property Tax Bills Across Ford, Kansas
In Ford, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Several factors, including the property's location, size, and condition, are considered to determine this value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Ford, the median home price is $56,265. Property tax bills can vary significantly, with the 25th percentile tax bill at $397 and the 75th percentile tax bill reaching $2,682. The 90th percentile tax bill can be as high as $4,929. These variations show how different factors can influence the final tax amount. Comparatively, Ford's property tax rates and bills are relatively moderate, with the highest median tax bill in the area being $1,144, aligning with the national median property tax rate of 0.99%. This calculation method ensures that homeowners contribute fairly to local services and infrastructure based on their property's value.
Average Ford Tax Bill
$1,144
Average Ford County Tax Bill
$2,081
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Ford, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67842 | $95 | $397 | $1,144 | $2,682 | $4,929 |
Source: Ownwell