Property Tax Report

Property Tax Report


Prepared by: [Your Name]

Company: [Your Company Name]

Date: [Date]


I. Property Identification

This section provides detailed information about the property in question, aiding in its proper identification on the tax rolls.

Property Address:

Kansas City, MO 64101

Parcel Number:

5678-1234

Owner Information:

Anita Wehner

II. Assessed Value

The assessed value represents the financial valuation of the property, as determined by the local assessor's office. This value is crucial for calculating property tax obligations.

A. Land Value

The land value of the property is assessed at $100,000.

B. Improvement Value

The improvements on the property, including structures and other fixed improvements, are valued at $200,000.

C. Total Assessed Value

The total assessed value of the property combines the land and improvement values.

Description

Value

Land

$100,000

Improvements

$200,000

Total Assessed Value

$300,000

III. Tax Rates

This section provides the current property tax rates applicable to both the land and improvements included in the total assessed value.

A. Local School Tax

The current rate for local school taxes is 0.5%.

B. County Tax

The county tax rate applied to this property is 0.4%.

C. Municipal Tax

The municipal tax rate levied is 0.3%.

D. Total Tax Rate

The total tax rate is a sum of all applicable tax rates.

Description

Rate

Local School Tax

0.5%

County Tax

0.4%

Municipal Tax

0.3%

Total Tax Rate

1.2%

IV. Tax Liability

The tax liability is calculated by applying the total tax rate to the assessed value of the property.

Description

Amount

Total Assessed Value

$300,000

Total Tax Rate

1.2%

Total Tax Liability

$3,600

V. Exemptions or Credits

Any tax exemptions or credits that apply to this property, reducing the overall tax liability, are detailed in this section.

A. Homestead Exemption

A homestead exemption of $50,000 is applied to the assessed value, lowering the taxable value.

B. Senior Citizen Credit

A senior citizen credit amounts to $100, further reducing the tax liability.

VI. Payment History

A historical record of property tax payments, including amounts and dates of payment, is detailed in this section.

Date

Payment Amount

Status

January 15, 2050

$1,800

Paid

July 15, 2050

$1,800

Paid

January 15, 2051

$1,850

Paid

July 15, 2051

$1,850

Paid



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