Recently we looked at how Prairie Village responsibly uses your local tax dollars, and after this week’s Council Meeting presentation by City Finance Director, Lisa Santa Maria, we can zoom out a bit to look at our Mill Levy.
The mill levy represents how much of your property’s taxable value will be charged in real estate taxes. Each “mill” represents a tax of one-thousandth of a dollar for each dollar of the assessed value of the property.
I love a good pie chart! Here’s one to illustrate how the mill is allocated:
So, in real dollars, for a home appraisal value of $334,382.00, the assessed value (11.5%) would be $38,454.00, and that breaks down like this:
|Consol. Fire #2||452||38|
|SM School District||2,016||168|
|JoCo Parks & Rec||119||10|
Thank you, Lisa, for this informative report to Council. Prairie Village has awesome professional women and men on staff!!
Click here if you’d like to read more about Prairie Village Finances, including the City Sales Tax Rate.
Your friendly PV Ward 3 Council Candidate,