Archive for Tuesday, August 17, 2010

Tonganoxie’s overall mill levy up about 3 mills

August 17, 2010

With all taxing jurisdictions having approved their 2011 budgets, Tonganoxie property owners will see about a 3 mill increase, overall, in their total mill levies when the Leavenworth County Clerk mails tax statements in December.

The total mill levy for city residents in 2011 will be 117.845. That compares to 114.812 in 2010.

The 2011 budgets approved this month establish spending levels. The mill levies included in the budgets will be determined when final valuation numbers are available next month to the Leavenworth County Clerk’s Office. Typically, they do not vary much from those in approved budgets.

A mill equals $1 of tax revenue for each $1,000 of assessed valuation. At the 2011 overall rate, the tax on a $150,00 single-family home would be $1,937.73. That compares to a tax of $1,884.78 for 2010.

How much an increase an individual home will see depends on the change in its valuation. With the majority of Tonganoxie homes losing valuation in the last year, many homeowners might not see a tax increase, even with the higher overall valuation.

Also, the Leavenworth County Commission did away with the $13.52 assessment on single-family homes to support the solid waste department and replaced it with 0.767 mills of mill levy support. Whether that is a tax increase or decrease for homeowners depends on the valuation of their homes with the break even point at about $153,000

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