Get 20 Tax Year, Kansas Personal Property Assessment ... - Butlercc

All vessels powered by motor (gasoline, diesel, or electric), or sail, must be registered and numbered. The State of Kansas does not, however, title watercraft nor does it register or title motors.

Watercraft is appraised at market value using guides and publications as prescribed by the State of Kansas Property Valuation Department. The assessment rate is 5%. Business Equipment and Machinery is taxed based on cost. A taxing factor is applied to the Retail Cost New Price to determine appraised value.

Many Butler County homeowners are facing enormous property tax bill hikes due to a state mandated 37% value increase but on the business side the tax commissioner's office recommended no hike at all.

Did you purchase a new or used boat from a Dealer? You must pay sales tax before registering your boat. If you bought your boat from an out of state dealer, take your invoice or bill of sale to the County Treasurer's Office in the county you plan to store your boat to receive a Sales Tax Paid receipt.

July 31, 2023 Nix has received confirmation of property value hikes for the triennial property value update, and the state tax commissioner has backed off ordering an average 42% increase. Now, the target is 39%.

The rate of tax depends on the levy of the local taxing district and will vary within the state by location. Both real and tangible personal property are assessed by the county appraiser in the taxing district in which the property is located. Taxes are paid to the county treasurer.

Your appraised value is the basis for your property taxes, but actual tax rates apply to a different number: assessed value. Kansas has a statewide assessment percentage of 11.5%. This means that assessed value, which is the value on which you pay taxes, is equal to 11.5% of your home's appraised value.

The assessment rates applied to the appraised valuation are: 11.5% in tax year 2014; and 5% in tax year 2015 and all years thereafter. In no case shall the assessed valuation of any watercraft cause the tax upon such watercraft to be less than $12.

The Homestead Exemption is a property tax reduction available by application to seniors (age 65 or older) and the disabled (permanent/total). In 1970, Ohio voters approved a constitutional amendment permitting this exemption that reduced property taxes for eligible lower income home owners.