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Tax bills will vary due to property valuations PDF Print E-mail

By Russ Pankonin
The Imperial Republican

■ Editor’s note: This is the third in a series of stories examining the assessed valuation of ag land in Chase County and what rising valuation means in determining local tax levies.
This year’s increase in property valuations for agricultural land in Chase County of slightly more than 22 percent will result in a higher tax bill for those land holders.
In Chase County, the two school districts have increased their tax askings over last year. Chase County Schools requested $394,324 more than last year, with Wauneta-Palisade Schools asking for  $374,084 in additional property taxes.
The Upper Republican Natural Resources District increased their tax request by more than $850,000 to cover expenses related to the augmentation projects. Their tax asking gets spread across Chase, Perkins and Dundy Counties.
With those tax increases and an increase in rural property valuations, rural property owners will bear a bigger share of the tax load.
Even with ag land valued at 72 percent of market value, ag land owners will still feel the pinch.  The rising prices being paid for land is also calculated into the tax valuations for that class of land.
For instance, a center pivot in the Imperial school and fire districts that had a market value of $800,000 in 2012 had a tax valuation of $576,000 (72 percent of market value).
In 2013, the market value of that pivot increased 22 percent to $976,000, resulting in a tax valuation of $704,000.
Based on the tax askings for 2012, the tax bill would have been $8,781. Even though this year’s tax levy went down from $1.464 to $1.30 per $100 of valuation, that  landowner will see an increase in taxes to $9,517, or an increase of 8.4 percent.
For a homeowner in Imperial, valuations increased just 8.1 percent in 2013 over 2012. In Wauneta, property values fell 1.3 percent.
However, because there is more overall valuation in the county thanks to rising ag land prices, the total tax burden is spread out more. However, ag land absorbs a bigger share of the burden.
For instance, a home with a tax valuation of $150,000 in Imperial in 2012 increased in tax value by 8.1 percent to $162,150.
In 2012, the property tax for that home would have been $3,363. But because of the larger increase in rural valuations spreading out the tax burden, the taxes go down slightly to $3,346, or a decrease of about .5 percent.
This year’s tax levy chart appears on page A4. To see what impact the rising valuations will have on a tax bill, refer to the levies for the respective tax district the property is in.
Proportions of your tax dollar
The accompanying chart shows a proportionate breakdown of where the 2013-14 tax dollar goes.
All property owners in Chase County pay the same county levy regardless of whether they reside in town or in the country.
Because property owners in Imperial and Wauneta also pay city taxes, their proportion of tax dollar changes.
In Imperial, 14 percent of the tax dollar goes to the county.  In rural Imperial, because no city tax is collected, the proportion of the tax dollar changes to 22 percent.
However, the two classes of property still pay an equal  levy for county expense.  
If you’re a resident of Imperial your tax dollar breaks down this way:
City of Imperial     0.38
Chase County Schools     0.39
Chase County     0.14
Upper Republican NRD     0.04
Mid-Plains CC/ESU #15     0.05
100%
If you’re a rural resident of Imperial your tax dollar breaks down this way:
Chase County     0.22
Chase County Schools     0.63
Upper Republican NRD     0.06
Mid-Plains CC/ESU #15     0.08
Fire Protection     0.01
100%
If you’re a resident of Wauneta your tax dollar breaks down this way:
Village of Wauneta     0.25
Wauneta-Palisade Schools     0.52
Chase County     0.14
Upper Republican NRD     0.04
Mid-Plains CC/ESU #15     0.05
100%
If you’re a rural resident of Wauneta your tax dollar breaks down this way:
Chase County     0.19
Wauneta-Palisade Schools     0.68
Upper Republican NRD     0.05
Mid-Plains CC/ESU #15     0.07
Fire Protection     0.01
100%

 

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