Home > Departments

Treasury

Property Tax Calculation
Assessed Value  


Assessed Value
  

Assessed Value

Once the Appraised Value is set, the Assessed Value is a mathematical calculation. Kansas Law offers a range of assessment rates. The key rates are as follows:  

Residences

11.5%

Mobile Homes

11.5%

Personal Property

25%

Businesses

25%

Utilities

33%

Agricultural

30% of Use Value

Agricultural Improvements

25%

Vacant Lots

12%

Non-Profit Organizations

12%

In other words, if you own a business property that has an appraised value of $1 million, the property will have an assessed value of $250,000.  

There is a partial exception to this simple calculation.

For residences, including mobile homes, the first $20,000 of Appraised Value is not subject to the school general levy. This makes residences have two assessed values for calculating taxes. The first is 11.5 percent of the total Appraised Value. The second is 11.5 percent of total Appraised Value reduced by $20,000. In other words, a $100,000 home will have an Assessed Value of $11,500 and a second Assessed Value of $9,200. This distinction will be important when calculating taxes. 

Line Divider Gray

 UG Logo gif   
Treasury Office Hours Annex Location Phone Numbers
WyCo Courthouse 8:00 am to 5:00 pm WyCo Annex Building P: (913) 573-2821
710 N 7th Street Monday - Friday 8200 State Avenue P: (913) 573-2823
Suite 240   Kansas City, KS  
Kansas City, KS   66112  
66101      



French German Italian Portuguese Spanish Russian Dutch Greek Japanese Korean Chinese (simplified) Chinese (traditional)