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Now that the Kansas ... one piece of the pie is the state's 20-mill levy that is used to help fund public schools. ... multiply that by 0.115 for the 11.5% residential assessment rate, divide it ...
Counties, cities and school districts each set their own mill levy, with one mill constituting $1 per $1,000 of a property’s assessed value. Kansas also has a statewide levy of 20 mills that ...
Mill Levy: This taxation rate depends on exactly where you live– not just your city and county, but your park district, library district, fire services district and more. The overall rate may ...
Property taxes are also expressed in terms of mills per dollar assessed (a mill levy, known more widely in the US as a "mill rate"). For instance, with a millage rate of 2.8₥, a house with an assessment of $100,000 would be taxed (2.8 × 100,000) = 280,000₥, or $280.00. The term is often spelled "mil" when used in this context. [5]
This millage rate is usually expressed as a multiple of 1/1000 of a dollar. Thus the fractional amount of 0.001 will be expressed as 1 mill when expressed as an ad valorem tax millage rate. The tax determined from multiplying the ad valorem assessment times the ad valorem tax rate is typically collected by the tax collector or tax commissioner.
The measure also eliminates taxes on Social Security income, lowers the statewide mill levy for schools from 20 mills to 19.5 mills and accelerates the elimination of the state sales tax on food ...
As a result of this approach, the mill levy used to repay the existing and proposed new bonds is projected to remain at 9.871 mills throughout the life of the bonds until the final payment in 2036."
An unlimited-tax general obligation pledge is identical to a limited-tax pledge except that the local government is required to levy a rate at whatever level is necessary, theoretically up to 100%, to recover a shortfall from taxpayer delinquencies.