Fort Scott, Kansas Property Taxes
The median property tax rate in Fort Scott, KS is 1.80%, 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, the typical annual property tax bill reaches $1,403, exceeding 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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Scott is 1.80%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Fort Scott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Scott 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 Fort Scott's effective property tax rate to other areas in Kansas and the national median. For comparison, the zip code 66701 has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these areas compare with Fort Scott 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 Fort Scott Tax Rate
1.80%
Average Crawford County Tax Rate
1.56%
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 | 1.36% | 1.42% | 1.80% | 2.16% | 2.70% |
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 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 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 zip code with the highest median tax bill is 66701, with a median bill of $1,403.
Average Fort Scott Assessed Value
$66,835
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 Fort Scott, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66701 | $32,001 | $54,202 | $66,835 | $90,895 | $157,420 |
Source: Ownwell
Property Tax Bills Across Fort Scott, Kansas
Property tax bills in Fort Scott, located in Crawford County, Kansas, are calculated based on the assessed value of a property, which is a percentage of its market value. The county's assessment rate and the local tax rate are key factors in determining the final tax bill. For instance, with a median home price of $66,835, homeowners might see varying tax bills. The 25th percentile of tax bills stands at $863, while the 75th percentile reaches $1,768, and the 90th percentile can go as high as $3,250. These variations depend on the property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Fort Scott's rates can significantly impact homeowners. Higher tax bills can affect affordability and the overall cost of owning a home, while lower tax bills might make the area more attractive to potential buyers. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Fort Scott Tax Bill
$1,403
Average Crawford County Tax Bill
$1,090
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 | $514 | $863 | $1,403 | $1,768 | $3,250 |
Source: Ownwell