Monday, November 18, 2019
     

TAX AND LEVY INFORMATION
 


The KANSAS DEPARTMENT OF REVENUE has a number of publications and forms available that provide information relating to tax information and the tax appeal process.

YOUR ASSESSED VALUE
Assessed value is calculated as follows:appraised value x assessment % = assessed value

Land and buildings are classified and assessed at the following percentage of appraised value.  Property class assessment percentages are set by the State Constitution and cannot be adjusted by the county.

Property Class

  • 11.5 % - Residential:  includes homes, apartments and condominiums
  • 12.0 % - Vacant Lots:  vacant land with no improvements
  • 12.0 % - NFP:  real property owned and operated by not-for-profit organizations  
  • 25.0 % - Commercial:  real property used for commercial or industrial purposes
  • 25.0 % - Ag Imprv:  improvements on land devoted to agricultural use
  • 30.0 % - Ag Land:  land devoted to agricultural use
  • 30.0 % - Other NEC:  all other real property not elsewhere classified

The above classifications of property are appraised at “market value”, except Ag Land.  Ag Land is appraised at “use value”.

The first $2,300 in assessed value of residential property is exempt from the statewide USD mill levy beginning in the 1997 tax year.  Note:  $2,300 in residential assessed value is equivalent to $20,000 in residential appraised value.

YOUR MILL LEVIES
The mill levy is the tax rate applied to the assessed value.  One mill is one dollar per $1,000 dollars of assessed value.

The County Clerk computes the mill levies for each local taxing authority by dividing the portion of the taxing authority’s budget that is property tax funded by the taxable assessed value in the taxing authority’s service areas.  This is usually done in late October of each year.

There are eighty-six taxing authorities in Sumner County.  Fifteen of those are joint districts with other counties.  (13 Cities, 12 USD’s, 30 Townships, 30 Special Districts, County and State) 

YOUR TAXES
The County Treasurer mails tax bills on or before December 15th.  All or at least half of the tax is due by December 20th, and the second half is due by May 10th of the following year.  If your taxes are paid out of an escrow account, your tax bill will be sent to the Mortgage Company or bank that handles your escrow account.

If your property value goes up, it does not necessarily mean you will pay more taxes.  Likewise, if your property value does down or does not change, it does not automatically mean you will pay less or the same amount of taxes.  Your property taxes are based on how much your local taxing authorities decide to spend on services each year.

The first $2,300 in residential assessed value is exempt from statewide USD taxes.

REVENUE FROM PROPERTY TAX LEVIES
Local taxing authorities do not receive more money by raising property values.  Changes in property values do not change the amount of tax dollars needed for local service.

A local taxing authority has authority to levy tax on property within its jurisdiction based on the amount of money needed to provide public services.  The local taxing authorities budgets are published, public hearings are completed and budgets are set in August of each year.

CALCULATION OF TAX DOLLAR AMOUNT

  • Appraised Value of Property  X  Percentage for Type of Property Class  =  Assessed Value
  • Assessed Value*  X  Mill Levy  ÷  1,000  =  Amount of Taxes
    (* - If residential property, Senate Bill 41 applies, take exemption amount off of assessed value before calculation.)

Also see the guide provided by the State of Kansas for calculating property tax.
A Homeowner's Guid to Property Tax in Kansas:
www.ksrevenue.org/pdf/forms/pvdhomeowner.pdf 

CALCULATION OF A MILL LEVY

  • Tax Dollars Requested by Entity  ÷  Final Valuation for Entity  X  1,000  =  Mill Levy