Homeowners see 76 percent county tax hike

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News

March 24, 2012 - 12:00 AM

An Iolan owning a home with an appraised value of $100,000 will pay property taxes of $1,859.94 this year to support Iola, Allen County, USD 257 and Allen Community College budgets.

That’s $400 more than 10 years ago. 

Most of the difference is Allen County’s tax bill. County tax on that $100,000 home increased by 76 percent to $777.78, from a levy of 67.633 mills. The county’s levy 10 years ago was 39.34 mills.

A levy of 1 mill raises $1 for each $1,000 of assessed valuation. Residential properties are assessed at 11.5 percent of appraised value, meaning a home with a market value of $100,000 is assessed for tax purposes at $11,500.

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