The Abstract of Assessment and Tax Levies is an annual report that provides an overview of property values in Stanton County and the tax rates set by local government entities. This report is required by Kansas law and is submitted each year to the Kansas Department of Revenue.
The Abstract explains how the county’s tax base is built and how local tax rates are applied. It includes the total assessed value of property in the county, divided into major categories such as residential, commercial, agricultural, and personal property. It also lists the mill levies adopted by each taxing jurisdiction, including the County, cities, school districts, and special districts.
Residents can use this information to better understand how property taxes are calculated. Property taxes are determined by multiplying a property’s assessed value by the total mill levy for the area in which it is located. The Abstract helps show how these values and rates work together each year.
The Abstract includes:
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Assessed property values by category
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Mill levies adopted by each taxing entity
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Total combined tax rates for different parts of the county
Why this information matters:
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It helps taxpayers understand how local tax rates are set.
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It shows how property values contribute to the county’s overall tax base.
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It provides transparency in the budgeting and taxation process.
Overall, the Abstract offers a clear and concise look at Stanton County’s property valuation and tax structure for the year, making it easier for residents to see how local government funding is determined.ts transparency and helps residents, officials, and researchers understand how property taxes are calculated and distributed throughout the county.