Your property taxes
60 seconds
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Small lessons.
A big move.
The big idea
How much are property taxes on a house?
Property tax is usually part of your payment.
It's a yearly bill from your county.
Kansas assesses homes at 11.5% of appraised value.
Missouri assesses them at 19% of true value.
See it in an example
Example
How the bill is built.
Assessed value = home value × state rate
Tax bill = assessed value × local levy
Kansas sets values each January 1; Missouri, as of January 1 of odd years. Budget on the price you pay, not the seller's last bill. Your county gives your real levy.
Take the quick check
The seller's tax bill is low. What do you budget on?