County property tax nearly triples rate of inflation and population
- Tax & Spending
- March 8, 2018
Thanks to the transparency aspect of last year’s Truth in Taxation Act and some taxpayer-focused local officials, residents and businesses in 21 counties will pay less in property tax this year. The 2021 Statistical Report of Property Assessment and Taxation from the Kansas Department of Revenue summarizes actions taken in 2021 that will impact property
READ MORELast week, Kansas City, Kansas and Wyandotte County Mayor and CEO Tyrone Garner announced budget recommendations to set property tax mill rates at the calculated revenue neutral rate. This would mean that the levied property tax would decrease by about 8.6 percentage points. The decrease in revenue would be offset by an increase in sales
READ MOREMuch of the grumbling that comes every tax season comes not only from paying the taxes but also from the complexity of how to file them. Services, and the costs, ranging from TurboTax to Certified Public Accountants (CPAs) represent an additional cost to people to properly file their taxes. A simple tax reform that lowers
READ MOREYesterday, Senate Bill 348 passed the Kansas House by a 110-10 margin. The bill, which, changed slightly from when it passed the Senate to the version just passed in the House and has yet to be enacted, exempts hair threaders from cosmetology licensing conditions, including 1,000 hours of training that can run to over $15,000.
READ MOREThe January Labor Report from the Kansas Department of Labor shows Kansas gained 5,100 private-sector jobs. This represents a monthly job growth rate of 0.4%, which is the fastest since July 2021. At the same rate of growth that Kansas has experienced since the start of 2021, the state will fully recover to its pre-pandemic
READ MOREThe state of Kansas is on track to turn an estimated $3 billion tax surplus into a multi-million dollar deficit by FY 2027. A $2 billion mega-subsidy for a “mystery company” wasn’t part of Governor Laura Kelly’s original $3.2 billion in tax and spending proposals this year. Something is going to have to give from
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