Property Taxes
The small landowners are the most precious part of a state
Property Taxes
The small landowners are the most precious part of a state
Johnson County Budget has outpaced inflation and population growth expanding over 110% in the last 10 years.
Johnson County Property Taxes have DOUBLED in the last 10 years.
While inflation is up 38%
Since 1997, the tax rate for Johnson County Property Taxes has been on a steady rise. The largest increases have been made in the past 10 years.
Despite the County Commission’s claims of lowering the mill levy rate to reduce property taxes, the rapid growth of the tax increase tells a different story (outpacing inflation by 2.5 times and population growth by 5 times).
Once again, we are told one thing, while the facts show a completely different story
Why does the Board of County Commissioners insist they've "lowered" the mill levy while simultaneously promoting new high-density projects that inflate property values, appraisals, and, ultimately, increase YOUR property taxes?
Where do your property taxes go?
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Why Are New Homes So Expensive?
Did you know that as much as 21% of the cost of buying a new single family home goes to fees and regulations?
Catagories | Avg. Cost in JoCo | % Of Total |
Regulations and Fees | $107,500 | 21.5% |
Land Cost | $75- $150K | 15-30% |
Material Costs | $250 - $500K | 65-80% |
Insurance Costs | $3,000 - $5,000 | 1-2% |
Realtor Fees | $25,000 | 5% |
Financing Costs | $10 - $15K | 2-3% |
Example based on $500,000 House in Johnson County, Overland Park KS
Regulations imposed by all levels of government account for $93,870, or 23.8% of the current average sales price ($397,300) of a new single-family home, according to a new study by NAHB.
How Different Government Levels Add to the Cost of Building a Home
Government regulations at the local, state, and federal levels significantly increase the cost of building a home, and voting wisely in city and county elections helps control these costs to ensure housing remains affordable
Did you know that when property taxes rise, rents often follow
Did you know that when property taxes rise, rents often follow—even in large apartment complexes? This is because landlords, including those managing large properties, pass along the increased tax expenses to renters, making higher property taxes a direct factor in rising rent costs.
