Fort Scott, Kansas Property Taxes
The median property tax rate in Fort Scott, KS is 1.92%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Fort Scott at $63,350, the typical annual property tax bill reaches $1,192, still below the national median of $2,690. Property taxes in Fort Scott 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 Fort Scott'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 Fort Scott 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
Fort Scott, 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 FORT SCOTT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT SCOTT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT SCOTT 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 Fort Scott, Kansas
Property taxes in Fort Scott, Kansas, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Fort Scott stands at 1.92%, significantly higher than the U.S. national median of 0.99%. Local government entities in Fort Scott determine these rates annually, and they can vary considerably across different neighborhoods. Each year, Fort Scott estimates the budget required to maintain services for the upcoming fiscal year. This budget is then divided 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 foundation for setting property tax rates. The data below compares Fort Scott's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66701 has the highest median property tax rate of 1.92%, while the same zip code also has the lowest median tax rate of 1.92%. Understanding how these areas compare with Fort Scott provides valuable insights into the varying tax landscape across Bourbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Scott Tax Rate
1.92%
Average Bourbon County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Scott, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66701 | 1.56% | 1.70% | 1.92% | 2.03% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Fort Scott, Kansas
In Fort Scott, 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 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 Fort Scott, 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 Fort Scott helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fort Scott are both $1,192 in the 66701 zip code.
Average Fort Scott Assessed Value
$63,350
Average Bourbon County Assessed Value
$59,230
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Scott, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66701 | $11,070 | $31,225 | $63,350 | $113,920 | $177,680 |
Source: Ownwell
Property Tax Bills Across Fort Scott, Kansas
In Fort Scott, located in Bourbon County, KS, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Fort Scott is $63,350. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $574 and the 75th percentile reaching up to $2,129. The highest median tax bill in the zip code 66701 is $1,192, which is relatively moderate compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. These elements combined determine the overall assessed value, which is then multiplied by the local tax rate to calculate the annual property tax. This system ensures that property taxes are proportionate to the property's value, impacting homeowners by contributing to local services and infrastructure while also reflecting the economic standing of the area.
Average Fort Scott Tax Bill
$1,192
Average Bourbon County Tax Bill
$1,096
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Scott, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66701 | $212 | $574 | $1,192 | $2,129 | $3,195 |
Source: Ownwell