Home News JoCo cities to hold hearings on proposed property tax rates for next year — See your city’s rate

JoCo cities to hold hearings on proposed property tax rates for next year — See your city’s rate

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Most cities in Johnson County have maintained or reduced their local factory tax rates, but rising property prices are projected to continue boosting local government revenues. Above, mission housing. Photo courtesy of Juliana Garcia.

The city of Johnson County plans to host public comment hearings over the next two months on proposed property or factory tax rates for the next fiscal year.

Important reasons: Kansas law passed last year Municipalities planning to exceed the so-called “income neutrality rate” will need to hold public hearings.

What is Revenue Neutral Rate? Earnings neutral rate defined by kansas state legislature“the tax rate for the current tax year that uses the gross assessed value for the current tax year to generate the same property tax revenue as was charged for the previous tax year.”

  • Therefore, a city that plans to receive more property tax revenue than the previous year will be above the revenue neutral rate.
  • This doesn’t necessarily mean cities are raising property taxes. This is because the increase in property value itself increases property tax revenue.

The property tax rate itself will not increase: No city in Johnson County within Washington Post coverage plans to raise factory tax rates next year.

  • some cities including Fairway, Mission Hills When leewood, We plan to exceed the income-neutral tax rate while maintaining our current property tax rate.
  • Other companies, such as Prairie Village and Shawnee, plan to exceed the income-neutral tax rate by 2023, but reduce property tax rates.

Important Note: The property tax rates shown below represent only the city portion of the total annual tax payable for Johnson County taxpayers and include taxes from various other jurisdictions, such as the county itself and local schools. increase.

What does the city’s mill rate mean in real dollars?

• 1 mil equals $1 for every $1,000 appraised property value.

• Property valuation is 11.5% of residential property valuation or market value. (That is, a house valued at $300,000 has Rated The value is $34,500. )

• So split your house Rated Multiply the value by $1,000 and multiply it by your city’s factory tax rate to calculate the amount of annual property tax you will pay to your local government under these proposed rates.

What are my city plans? Below is the timeline for when cities in Johnson County will hold their respective hearings on the 2023 revenue-neutral tax rate and the proposed property tax rate.

fairway

  • date: September 12
  • position: City Hall, 5240 Belinder Road
  • Current factory dues: 19.928
  • Mill tax change? No, the city plans to remain stable

leewood

  • date: September 6th
  • position: City Hall, 4800 Town Center Drive
  • Current Factory Due Rate: 24.076 mil
  • Mill tax change? No, the city plans to remain stable.

Renexa

  • date: August 23rd at 7pm
  • position: City Hall, 17101 W. 87th Street Parkway
  • Current Factory Due Rate: 29.102 mil
  • Mill tax change? Lenexa plans to cut 1 mil to bring the 2023 mill tax rate down to 28.102 mil.

Merriam

  • date: August 22nd
  • position: City Hall, 9001 W. 62nd Street
  • Current Factory Due Rate: 27.665
  • Mill tax change? No, the city plans to remain stable

Mission

  • date: September 7, 6:00 p.m.
  • position: Sylvester Powell Jr. Community Center, 6200 Martway Street
  • Current Factory Due Rate: 16.369 mils,
  • Mill tax change? No, the city will maintain the current rate.

Mission Hills

  • date: September 12
  • position: City Hall, 6300 State Line Road
  • Current Factory Due Rate: 22.7763 mils
  • Mill tax change? No, the city plans to keep the factory stable

Overland Park

  • date: September 12, 7:30 p.m.
  • position: City Hall, 8500 Santa Fe Drive
  • Current Factory Due Rate: 14.578 mils
  • Mill tax change? No, the city plans to keep the rates the same.

Prairie Village

  • date: 6 p.m. Sept. 6
  • position: City Hall, 7700 Mission Road
  • Current Factory Due Rate: 19.322
  • Mill tax change? Prairie Village plans to reduce property tax rate by 1 million yen to 18.322.

Roland Park

  • date: August 22nd at 6pm
  • position: City Hall, 4600 W. 51st Street
  • Current Factory Due Rate: 28.547
  • Mill tax change? The city plans to cut 1 mil to a 27.547 mil rate in 2023.

Shawnee

  • date: September 12th at 6pm
  • position: City Hall, 11110 Johnson Drive
  • Current Factory Due Rate: 23.393 mils
  • Mill tax change? The city is planning a reduction of 2 mils, which will bring the 2023 mill tax rate down to 21.393 mils.

Westwood

  • date: September 8, 7:00 p.m.
  • position: City Hall, 4700 Rainbow Boulevard
  • Current Factory Due Rate: 21.197 mil
  • Mill tax change? No, the city plans to stabilize the factory.

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