Fulton, Kansas Property Taxes
The median property tax rate in Fulton, Kansas 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 Fulton, the typical annual property tax bill reaches $734, which is below the national median of $2,690. Property taxes in Fulton 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 Fulton'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 Fulton 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
Fulton, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$750
Ownwell’s Fulton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fulton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fulton 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 Fulton, Kansas
Property taxes in Fulton, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fulton is 1.92%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Fulton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fulton 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 Fulton's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66738 zip code 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 cities compare with Fulton 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 Fulton 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 Fulton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66738 | 1.59% | 1.75% | 1.92% | 2.01% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Fulton, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fulton, 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 Bourbon 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 Fulton, 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. The median home price in Fulton stands at $39,040, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $201, while the 75th percentile tax bill is $1,502. The highest median tax bill is $734 in the 66738 zip code, which also has the lowest median tax bill at $734. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fulton Assessed Value
$39,040
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 Fulton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66738 | $2,496 | $11,460 | $39,040 | $82,920 | $124,414 |
Source: Ownwell
Property Tax Bills Across Fulton, Kansas
In Fulton, Kansas, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Fulton is $39,040. To determine the tax bill, local tax rates are applied to the assessed value, considering factors such as property type and any applicable exemptions. For homeowners in Fulton, the 25th percentile of tax bills is $201, while the 75th percentile is $1,502, and the 90th percentile reaches $2,452. These figures illustrate the range of property tax burdens within the community. Notably, the highest median tax bill in the area is $734, located in the 66738 zip code, which also has the lowest median tax bill of $734, indicating a uniformity in tax assessments within that zip code. Compared to the national median property tax rate of 0.99%, homeowners in Fulton experience a varied tax landscape, significantly impacting their annual financial obligations. Understanding these factors helps homeowners anticipate and manage their property tax responsibilities effectively.
Average Fulton Tax Bill
$734
Average Bourbon County Tax Bill
$1,096
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Fulton, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66738 | $46 | $201 | $734 | $1,502 | $2,452 |
Source: Ownwell