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Posted on: August 4, 2020

Mill Levy Information with the City

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The mill levy is the tax rate that is applied to the assessed value of a property. One mill is one dollar per $1000 dollars of assessed value.


Mill levies that are set by a taxing entity (i.e. cities, counties, school districts, etc.) are used to calculate property taxes. To figure property taxes, you must calculate the property assessed value by multiplying the state assessment rate (see table below) by the appraised value of the property. Then you will multiply the assessed value by the mill levy and divide by 1000.


Market Value of Residential Home                           $120,000

Residential Assessment Rate                                             x.115

Assessed Value                                                                 $  13,800

Mill Levy (City of Great Bend)                                        x53.857

Per $1000                                                                                   /1000

Amount of Taxes                                                             $  743.23



Property Type

Assessment Rate

Agricultural Buildings

25%

Agricultural Land

30%

Commercial / Industrial

25%

Not-for-Profit

12%

Public Utility

33%

Residence of Farm Home Site

11.5%

Residential

11.5%

Vacant Lots

12%

All Other Rural & Urban Properties

30%

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