Informational Section160 Informational Section 161
Olathe Public Schools Annual Budget
IV. Historical Valuations, Levies and Property Taxes
Property Taxes
There are many variables used to calculate
the property taxes on property owned. They
include: market value, type of property, state
assessed valuation and mill levies set by the
county to raise sufficient funds for the local
municipalities. The following chart shows
a history of the percentage of school taxes
to the average appraised value of homes in
Olathe. The assessed valuation for residential
property in Kansas is currently 11.5%.
Homestead Deduction:
For tax year 2022, the
î‚˝rst $40,000 of assessed
valuation on any home
is exempt from general
fund taxation. This is an
increase from $20,000 in
years prior to 2022. The
$40,000 exemption does
not apply to the District’s
other seven levies.
Property Tax Comparison on Residential Homes
Year
Average
Appraised
Value
Assessed
Value
School
District
Mill Levy
School
Property
Ta x
% of
Appraised
Value
1993 86,936 9,998 78.993 716.14 0.824%
1994 89,291 10,268 78.993 687.78 0.770%
1995 100,945 11,609 74.371 878.92 0.871%
1996 101,556 11,679 82.647 873.06 0.860%
1997 109,710 12,617 81.648 940.54 0.857%
1998 114,968 13,221 80.928 881.15 0.766%
1999 130,160 14,968 71.343 927.81 0.713%
2000 140,133 16,115 65.058 1,009.55 0.720%
2001 159,363 18,327 65.500 1,159.19 0.727%
2002 166,874 19,191 65.761 1,189.58 0.713%
2003 179,990 20,699 64.385 1,281.31 0.712%
2004 182,663 21,006 64.125 1,301.89 0.713%
2005 190,480 21,905 64.166 1,469.34 0.771%
2006 198,451 22,822 69.177 1,509.84 0.761%
2007 211,399 24,311 68.173 1,538.58 0.728%
2008 212,515 24,439 65.180 1,526.49 0.718%
2009 209,229 24,061 64.343 1,564.02 0.748%
2010 206,360 23,731 66.913 1,541.63 0.747%
2011 204,010 23,461 66.900 1,664.72 0.816%
2012 196,686 22,619 72.917 1,535.60 0.781%
2013 196,261 22,570 69.924 1,525.28 0.777%
2014 205,015 23,577 69.618 1,592.25 0.777%
2015 216,616 24,911 69.486 1,644.65 0.759%
2016 228,523 26,280 67.868 1,734.85 0.759%
2017 246,127 28,305 67.764 1,872.32 0.761%
2018 264,042 30,365 71.174 2,115.19 0.801%
2019 278,708 32,051 70.665 2,218.91 0.796%
2020 291,160 33,483 69.878 2,293.75 0.788%
2021 303,479 34,900 69.138 2,366.92 0.780%
2022 331,449 38,117 68.282 2,556.68 0.771%
*2023 318,109 36,583 64.927 2,329.19 0.732%
*Projected
Percentage of Appraised Value.
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
*Projected
2013
2014
2015
2016
2017
2018
Percentage of Appraised Value.
2019
2020
2021
2022
*2023
The table below illustrates
how property taxes are
calculated for the average
Sample Property
Tax Calculation
General
Other
Levies
Appraised
Home Valuation
$318,109 $318,109
Homestead
Deduction
$40,000 n/a
Adjusted
Valuation
$278,109 $318,109
Residential
Appraisal Rate
11.5% 11.5%
Taxable
Appraised Value
$31,983 $36,583
Tax (Mill) Rate
Per $1,000
20.000 44.927
Ta x $640 $1,644
Total
$2,283.19
