ECONOMIC DEVELOPMENT
Taxes
| Sales Tax | 9.1%* | ||||||||||||||||||||
|
Property Tax (2022 Mills for 2023 Budget) |
98.628-114.223 (Based on school district) | ||||||||||||||||||||
|
Corporate Income Tax (For business income only within state boundaries) |
In addition to the flat 4% corporate income tax, Kansas levies a 3.0% surtax on taxable income over $50,000. Banks pay a privilege tax of 2.25% of net income, plus a surtax of 2.125% (2.25% for savings and loans, trust companies, and federally chartered savings banks) on net income in excess of $25,000 |
||||||||||||||||||||
|
Individual Income Tax (Tax year 2022) |
|
||||||||||||||||||||
*For more specific tax information, visit the City of Overland Park, Johnson County or State of Kansas.
Overland Park collects sales tax on the purchase of tangible goods and services. Almost half of the city’s annual current revenue is from sales taxes.
Overland Park Sales Tax
City of Overland Park: 1.125%
Johnson County: 1.475%
State of Kansas: 6.500%
Total Sales Tax Rate: 9.100%
*The sales tax rate may vary at certain areas which have been designated as Transportation Development Districts.
Property Taxes
Property taxes are the lowest of any first-class city in Kansas. Overland Park is able to provide top-notch services and amenities while still keeping the property tax rate low.
| 2022 Mills for 2023 Budget | Shawnee Mission School District | Blue Valley School District | Olathe School District | |
| State of Kansas | 1.500 | 1.500 | 1.500 | |
| Johnson County | 17.772 | 17.772 | 17.772 | |
| Johnson County Parks and Recreation | 3.815 | 3.815 | 3.815 | |
| Johnson County Library | 3.021 | 3.021 | 3.021 | |
| City of Overland Park | 14.578 | 14.578 | 14.578 | |
| Johnson County Community College | 8.610 | 8.610 | 8.610 | |
| School District | 49.332 | 54.870 | 64.930 | |
| Total | 98.628 | 104.166 | 114.223 | |
|
Source: City of Overland Park 2023 Budget (data pulled on 12/13/2022) |
||||
To calculate your local property taxes, visit the Overland Park Property Tax Calculator
*Property taxes are assessed through a mill levy. One mill is equivalent to $1 for every $1,000 of assessed property value. Assessed property value is 11.5% of appraised (market) value for residential properties and 25% for commercial properties. Appraisal value of properties is available online at the Johnson County Appraiser's Office.
In addition to the flat 4% corporate income tax, Kansas levies a 3.0% surtax on taxable income over $50,000.
Banks pay a privilege tax of 2.25% of net income, plus a surtax of 2.125% (2.25% for savings and loans, trust companies, and federally chartered savings banks) on net income in excess of $25,000
| Resident, Married, Joint | 2023 Tax Year Rates |
| Taxable Income not over $30,000 | 3.1% |
| Taxable Income over $30,000 but not over $60,000 | $930 plus 5.25% of excess over $30,000 |
| Taxable Income over $60,000 | $2,505 plus 5.7% of excess over $60,000 |
| Resident, Others | 2023 Tax Year Rates |
| Taxable Income not over $15,000 | 3.1% |
| Taxable Income over $15,000 but not over $30,000 | $465 plus 5.25% of excess over $15,000 |
| Taxable Income over $30,000 | $1,252.50 plus 5.7% of excess over $30,000 |
Source: Kansas Department of Revenue