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Board members voted Wednesday to maintain the district’s current tax levy to address longstanding deferred maintenance, like a lack of central air in some classrooms. The move comes as county property taxes, the district's biggest source of revenue, stand to skyrocket.
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Thousands of senior citizens in Jackson County will soon be eligible for a property tax break following this year’s most recent assessments, which saw home values spike by 40% or more. But how will that affect schools?
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The new Pennway Point entertainment district, which makes use of space that sat empty for years as industrial storage, is already making some neighbors in the Westside neighborhood uneasy. Developers are building the project without using tax money, but say they plan to seek incentives for the years ahead.
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Under the legislation, Jackson County seniors whose homes are valued less than $550,000 can start applying for relief next year.
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This week, Jackson County assessment director Gail McCann Beatty fielded questions from the legislature about this year’s problematic property assessments, which saw the value of properties increase by an average of 30%.
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The mayor of Lee's Summit says the county has "offered one excuse after another" for it's failure to properly reassess home values and claims the city is missing out on needed tax revenue as a result.
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A State Tax Commission hearing officer ruled the county overvalued 20 properties on the Plaza in 2019 by almost $113 million. If the ruling is upheld on appeal, taxing districts in Jackson County might have to refund millions of dollars. The shopping district is also planning to appeal its 2023 reassessment.
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This is the second time in five years that property owners in Jackson County have seen dramatic leaps in the county’s assessment of their home’s value. One big reason is that more out-of-state investors are purchasing Kansas City homes to flip them or rent them out — shrinking the supply and increasing prices.
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Jackson County property tax assessments, required every two years by a Missouri state statute, are causing concern and frustration among some residents who saw a significant increase in the valuation of their home. Some owners have seen spikes of more than 200%, and the deadline for filing an appeal is coming up fast.
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After years of undervaluing homes, Jackson County's recent property tax assessment saw the value of properties increase by an average of 30%, while some owners saw spikes of more than 200%. The deadline to file an appeal is July 10.
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A steep increase in assessed property tax value has some Jackson County residents concerned they could lose their home. Experts share ways to challenge the assessment through individual appeals and legal action.
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Jackson County has warned that property assessments are increasing this year, and although that does not necessarily mean an increase in property tax bills, many homeowners are reminded of the rocky assessment cycle in 2019, when 24,000 property owners saw their assessments double.