groundbreaking

Local Incentives

City of Overland Park Incentives

Incentives are available to companies that invest in Overland Park, meet individual incentive program criteria and receive formal approval from the government authorities who administer these programs.


A Natural Incentive

Overland Park’s property tax provides a natural incentive for commercial development. Due to the significant commercial tax base and careful fiscal management, Overland Park’s mill levy is the lowest of all first-class cities in Kansas. This provides for continual tax savings for businesses located in Overland Park.

Below is a comparison of similar communities in Kansas and their respective mill levy rates:

City

City Mill Levy (for 2019 budget)

Difference from Overland Park

Overland Park

13.566

-0-

Prairie Village

19.314

5.748

Olathe

24.406

10.840

Leawood

24.524

10.958

Shawnee

26.617

13.051

Salina

28.394

14.828

Lenexa

29.909

16.343

Wichita

32.667

19.101

Lawrence

33.278

19.712

Garden City

37.433

23.867

Topeka

39.730

26.164


Tax Abatement – Coupled with a sales tax exemption on construction materials, up to 100% is available. The city issues Economic Development Revenue Bonds and enters into a lease or lease-purchase agreement. Tax abatements cannot be in effect longer than ten years.


Transportation Development District (TDD) – The district charges additional sales tax or assesses a special property tax, with proceeds going to pay for transportation-related project costs. Full approval is needed by all district property owners.


Community Improvement District (CID) – The district charges additional sales tax or assesses a special property tax, with proceeds going to pay for capital improvements, infrastructure and certain operational costs. Fifty-five percent of property owners must approve the district. If a special assessment is used, 100% of the property owners must give approval.


Tax Increment Financing (TIF) – This financing requires the creation of a redevelopment district following approval of a redevelopment project area plan. The project is financed by pay-as-you-go proceeds or issuance of bonds.


STAR (Sales Tax) Bonds – STAR bonds are special bond projects for major commercial or tourist areas. The threshold is usually $50 million in capital investment and $50 million in gross annual sales. Both an incremental state and local sales tax can be used to fund the project.

AdventHealth Shawnee Mission Black & Veatch Central Bank of the Midwest Empower Retirement HCA Midwest Health Sprint