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Lee's Summit sees $168 million assessed‑value gain; tax rate to rise less than a cent
Lee's Summit R-VII School District Finance Committee · September 23, 2025
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Summary
Finance staff told the committee assessed value rose by about $168 million year‑over‑year — with roughly $119.8 million in new construction excluded from the rate calculation — resulting in a proposed combined levy rate of 4.7391, an increase of roughly 0.008 (under one cent).
At the Sept. 22 Finance Committee meeting, Dr. Herzog previewed the district's tax rate hearing and said total assessed value increased "a little over a 168,000,000" from last year, driven largely by new construction.
He said roughly $119,800,000 of the increase is new…
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