Property tax rates are based on mills and are assessed through a mill levy. One mill is equivalent to $1 for every $1,000 of assessed property value.
Assessed property values are 11.5 percent of appraised (market) value for residential properties and 25 percent for commercial properties.
To calculate property taxes:
The appraised property value is multiplied by 11.5 percent for residential property or 25 percent for commercial/industrial property to determine the assessed property value:
- Example: A house appraised at $250,000 would have an assessed value of $28,750 ($250,000 X 11.5 percent).
The assessed value is then multiplied by the mills to arrive at the total property tax amount. Overland Park's 2015 mill rate is 12.837 mills.
- Example: Overland Park's property tax on a $250,000 house would be $369.06 ($28,750/1,000 X 12.837 mills).
Overland Park's property tax is around 10-13 percent of total property taxes.
The Johnson County Appraiser's Office maintains property valuations and tax bills.