Freeport, Kansas Property Taxes
The median property tax rate in Freeport, Kansas is 1.59%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Freeport, the typical annual property tax bill reaches $1,396, exceeding the national median of $2,690. Property taxes in Freeport 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 Freeport'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 Freeport 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
Freeport, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,437
$1,334
Ownwell’s Freeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freeport 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 Freeport, Kansas
Property taxes in Freeport, Kansas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Freeport is 1.59%, significantly higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Freeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freeport 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 Freeport's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67049 zip code has the highest median property tax rate of 1.59%, while the 67049 zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Freeport provides valuable insights into the varying tax landscape across Harper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freeport Tax Rate
1.59%
Average Harper County Tax Rate
1.91%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freeport, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67049 | 1.06% | 1.23% | 1.59% | 1.89% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Freeport, Kansas
In Freeport, 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 Harper 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 Freeport, 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. For instance, the median home price in Freeport is $90,390, with tax bills ranging from $670 at the 25th percentile to $4,141 at the 90th percentile. The highest median tax bill is $1,396 in zip code 67049. 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 Freeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Freeport Assessed Value
$90,390
Average Harper County Assessed Value
$53,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freeport, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67049 | $17,179 | $40,750 | $90,390 | $125,375 | $229,521 |
Source: Ownwell
Property Tax Bills Across Freeport, Kansas
In Freeport, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by local assessors. Factors such as location, property size, and improvements can influence the assessed value. The local tax rate in Freeport is then applied to this assessed value to calculate the annual tax bill. For homeowners, this means that a median home price of $90,390 can result in varying tax bills. For instance, the tax bill at the 25th percentile is $670, while at the 75th percentile, it reaches $2,199, and at the 90th percentile, it can go up to $4,141. These variations highlight the impact of property characteristics and assessed values on tax obligations. Compared to the national median property tax rate of 0.99%, Freeport's tax bills reflect a range of financial responsibilities for homeowners, influenced by the specific attributes of their properties.
Average Freeport Tax Bill
$1,396
Average Harper County Tax Bill
$968
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Freeport, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67049 | $185 | $670 | $1,396 | $2,199 | $4,141 |
Source: Ownwell