City of Prairie Village
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The Prairie Village Finance Department is responsible for all aspects of the City's finances including accounting, accounts payable, banking and investments, budget and payroll.
The City's fiscal year runs from January 1st through December 31st. The City adopts the budget by October 1 of the year prior to the budgeted year. The City is audited each year by an accounting firm.
Bond Rating
Moody's: Aaa
Note: This is the highest bond rating that Moody's offers.
City Property Tax Mill Levy Rate -2024
Revenue from the ad valorem property tax funds a significant portion of City operations. The ad valorem property tax mill levy rate is set during the annual budget process by the City Council.
Rate Type |
Mill Levy Rate |
---|---|
General Fund |
18.325 |
Debt Service Fund |
0 |
Total |
18.325 |
City Sales Tax Rate
Rate Type |
Rate |
---|---|
State of Kansas |
6.500% |
Johnson County: |
|
|
0.500% |
|
0.100% |
|
0.250% |
|
0.250% |
Public Safety Sales Tax #3 (effective 4/1/17) |
0.250% |
Johnson County Research Triangle |
0.125% |
City of Prairie Village |
1.000% |
Total |
8.975% |
Note: There is an additional 1.000% applied to purchases made at Corinth Square and the Prairie Village Shops due to the Community Improvement Districts (CID) established at those locations. The total rate at these locations is 9.975%.
Quarterly Financial Reports
2024
2024 1st Quarter Financial Report
2024 2nd Quarter Financial Report
2024 3rd Quarter Financial Report
2023
2023 1st Quarter Financial Report
2023 2nd Quarter Financial Report
2023 3rd Quarter Financial Report
2023 4th Quarter Financial Report
2022
2022 1st Quarter Financial Report
2022 2nd Quarter Financial Report
2022 3rd Quarter Financial Report
2022 4th Quarter Financial Report
Annual Financial Reports
2023 Annual Comprehensive Financial Report
2023 Popular Annual Financial Report
2022 Annual Comprehensive Financial Report
2022 Popular Annual Financial Report
2021 Annual Comprehensive Financial Report
2021 Popular Annual Financial Report
2020 Comprehensive Annual Financial Report
2020 Popular Annual Financial Report
Click here to access past reports
Budget
2022 Budget [PDF]
2021 Budget [PDF]
2020 Budget [PDF]
2019 Budget [PDF]
Historical Financial Information
Click here to access past budget information.