Fairview, Kansas Property Taxes
The median property tax rate in Fairview, KS is 0.90%, which is lower than both the national median of 0.99% and the Kansas state median of 1.43%. With a median home value of $101,040 in Fairview, the typical annual property tax bill amounts to $922, significantly below the national median of $2,690. Property taxes in Fairview 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 Fairview'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 Fairview 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
Fairview, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$909
$844
Ownwell’s Fairview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairview 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 Fairview, Kansas
Property taxes in Fairview, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fairview is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Fairview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairview 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 Fairview's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66425 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Fairview provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fairview Tax Rate
0.90%
Average Brown County Tax Rate
1.17%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fairview, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66425 | 0.75% | 0.79% | 0.90% | 1.00% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Fairview, Kansas
In Fairview, 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 assessment authority 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 Fairview, 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 Fairview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 66425, with a value of $922, which is significantly above the national median rate of 0.99%.
Average Fairview Assessed Value
$101,040
Average Brown County Assessed Value
$95,260
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fairview, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66425 | $27,448 | $52,405 | $101,040 | $179,075 | $311,234 |
Source: Ownwell
Property Tax Bills Across Fairview, Kansas
In Fairview, located in Brown County, KS, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value determined by the county assessor. This value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Fairview, the median home price is $101,040. Property tax bills vary widely; for instance, the 25th percentile tax bill is $414, while the 75th percentile reaches $1,896. At the 90th percentile, homeowners may see tax bills as high as $3,914. The highest and lowest median tax bills in the area are both $922, indicating some consistency in tax rates within the zip code 66425. Compared to the national median property tax rate of 0.99%, Fairview's rates can significantly impact homeowners, affecting their overall housing costs and financial planning.
Average Fairview Tax Bill
$922
Average Brown County Tax Bill
$1,072
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Fairview, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66425 | $214 | $414 | $922 | $1,896 | $3,914 |
Source: Ownwell