Farlington, Kansas Property Taxes
The median property tax rate in Farlington, KS is 1.51%, which is significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Farlington at $91,800, the typical annual property tax bill reaches $1,439, surpassing the national median of $2,690. Property taxes in Farlington 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 Farlington'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 Farlington or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Farlington, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,386
$1,286
Ownwell’s Farlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Farlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Farlington 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 Farlington, Kansas
Property taxes in Farlington, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Farlington is 1.51%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Farlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Farlington 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 Farlington's effective property tax rate to other counties in Kansas and the national median. For comparison, the zip code 66734 has both the highest and lowest median property tax rate of 1.51%. Understanding how these cities compare with Farlington provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Farlington Tax Rate
1.51%
Average Crawford County Tax Rate
1.56%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Farlington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66734 | 1.17% | 1.33% | 1.51% | 1.65% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Farlington, Kansas
In Farlington, 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 to 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 Crawford 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 Farlington, 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 Farlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 66734 has the highest median tax bill at $1,439, highlighting the variability of property taxes within the area.
Average Farlington Assessed Value
$91,800
Average Crawford County Assessed Value
$71,000
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Farlington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66734 | $16,626 | $44,720 | $91,800 | $160,300 | $217,280 |
Source: Ownwell
Property Tax Bills Across Farlington, Kansas
Property tax bills in Farlington, Crawford County, KS are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by county assessors. For instance, if the median home price in Farlington is $91,800, the assessed value would be a fraction of this amount, depending on local assessment ratios. The local tax rate, combined with the assessed value, determines the annual property tax bill. In Farlington, homeowners can expect a tax bill ranging from $727 at the 25th percentile to $3,184 at the 90th percentile. This variability is influenced by factors such as property location, size, and improvements. The median tax bill in this area is $1,439, which is significantly below the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are not caught off guard by their annual property tax bill.
Average Farlington Tax Bill
$1,439
Average Crawford County Tax Bill
$1,090
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Farlington, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66734 | $347 | $727 | $1,439 | $2,347 | $3,184 |
Source: Ownwell