A recent ruling on the Kansas Star Casino’s assessed valuation for 2015 means the city of Mulvane will have to make adjustments to its 2022 budget in an effort to pay back property taxes collected. Each year, the Sumner County treasurer releases the assessed valuation to help the city of Mulvane determine the property tax revenue it will be able to account for in its annual budget. However, property owners – both businesses and individual residents alike – are able to challenge that assessed valuation each year as well. Since the Kansas Star Casino opened in 2012, City Manager Kent Hixson reported it has challenged its valuation every year. Given the lengthy process, rulings (determined by the board of tax appeals and district court) have only been passed down so far for 2012, 2013 and 2015.
Source: Derby Informer | Area
