Fredonia, Kansas Property Taxes
The median property tax rate in Fredonia, KS is 2.13%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $172,930 in Fredonia, the typical annual property tax bill reaches $3,685, far exceeding the national median of $2,690. Property taxes in Fredonia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fredonia'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 Fredonia or another part of Greenwood County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fredonia, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$3,683
Ownwell’s Fredonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredonia 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 Fredonia, Kansas
Property taxes in Fredonia, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredonia is 1.29%, significantly higher than both the Kansas state median of 1.37% and the U.S. national median of 0.99%. Local government entities within Fredonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredonia 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 Fredonia's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66736 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Fredonia provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredonia Tax Rate
2.13%
Average Greenwood County Tax Rate
2.02%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredonia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66736 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Fredonia, Kansas
In Fredonia, 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 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 Fredonia, 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 Fredonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fredonia is $172,930, with the highest and lowest median tax bills both being $3,685 in zip code 66736.
Average Fredonia Assessed Value
$172,930
Average Greenwood County Assessed Value
$39,700
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredonia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66736 | $172,930 | $172,930 | $172,930 | $172,930 | $172,930 |
Source: Ownwell
Property Tax Bills Across Fredonia, Kansas
In Fredonia, located in Greenwood County, KS, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value, which is determined by the county assessor. The tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the market value. For homeowners in Fredonia, the median home price stands at $172,930. The property tax bill at various percentiles, including the 25th, 75th, and 90th, remains consistent at $3,685. This uniformity indicates a stable tax environment within the zip code 66736. Compared to the national median property tax rate of 0.99%, the property tax rate in Fredonia is relatively high, impacting homeowners' annual expenses. Understanding these calculations helps homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Fredonia Tax Bill
$3,685
Average Greenwood County Tax Bill
$769
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredonia, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66736 | $3,685 | $3,685 | $3,685 | $3,685 | $3,685 |
Source: Ownwell