Falun, Kansas Property Taxes
The median property tax rate in Falun, KS is 1.11%, slightly higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $130,200 in Falun, the typical annual property tax bill amounts to $1,331, which is below the national median of $2,690. Property taxes in Falun are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Falun'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 Falun 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
Falun, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,445
$1,341
Ownwell’s Falun Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Falun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Falun to project your property tax bill. This valuable tool provides clarity on potential tax liabilities, helping you plan your finances better. For those interested in neighborhood-specific trends, scroll down to access more localized information. Your property’s assessed value is determined by Saline County for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Falun, Kansas
Property taxes in Falun, Kansas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Falun is 1.11%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Falun set these rates annually, and they can vary significantly across different neighborhoods. Each year, Falun 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 Falun's effective property tax rate to other counties in Kansas and the national median. For comparison, the 67442 zip code has the highest median property tax rate of 1.11%, while the 67442 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Falun provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Falun Tax Rate
1.11%
Average Saline County Tax Rate
1.59%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Falun, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67442 | 0.73% | 0.93% | 1.11% | 1.32% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Falun, Kansas
In Falun, 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 Saline 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 Falun, 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 Falun is $130,200. The tax bill at the 25th percentile is $580, while at the 75th percentile, it reaches $2,706. 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 Falun helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Falun Assessed Value
$130,200
Average Saline County Assessed Value
$132,900
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Falun, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67442 | $26,534 | $55,205 | $130,200 | $221,885 | $311,344 |
Source: Ownwell
Property Tax Bills Across Falun, Kansas
In Falun, Kansas, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For example, if the median home price in Falun is $130,200, the assessed value would be a fraction of this amount, depending on local assessment rates. Once the assessed value is determined, the local property tax rate is applied. The median property tax rate in Saline County, where Falun is located, can be compared to the national median rate of 0.99%. Homeowners in Falun can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $580, while at the 75th percentile, it jumps to approximately $2,706. In some cases, tax bills can reach up to $4,174 at the 90th percentile. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Falun Tax Bill
$1,331
Average Saline County Tax Bill
$2,055
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Falun, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67442 | $278 | $580 | $1,331 | $2,706 | $4,174 |
Source: Ownwell