1. Calculate the Assessed Value

Kansas assesses residential property at 11.5% of its appraised fair market value.

• Formula: Appraised Value × 0.115 = Assessed Value

• Example: For a home appraised at $150,000, the assessed value is $17,250 ($150,000 × 0.115).

2. Find Your Mill Levy

A mill is $1 of tax for every $1,000 of assessed value. Your mill levy is a combination of rates set by your local county, city, school district, and special taxing units. Total Rates average around 130 mills, but can range from 90 to over 200 depending on where you live. 

3. Calculate your increase in Tax.

USD 400 is proposing a $21 Million Bond Project which is a 13.75 Mill Increase.

Multiply the assessed value by your proposed local mill levy increase of 13.75 and divide by 1,000.

• Formula: Assessed Value × Mill Levy ÷ 1000 = Estimated Annual Property Tax

• Example: Using a $17,250 assessed value and the 13.75 increase in mill levy:

$17,250*13.75= $237,187.5 then Divide by $1000 = $237.50

$237.50 is your increase in Annual Property Tax