2026 Assessed Valuation
The City’s total assessed valuation for 2026 is approximately $3.48 billion, a decrease of approximately 0.4% from the previous year.
Lee’s Summit includes property in both Jackson and Cass counties. Approximately 97% of the City’s assessed valuation is located in Jackson County.
For 2026:
- Jackson County assessed valuation within the City decreased approximately .5%, driven largely by a decline in commercial assessed valuation.
- Cass County assessed valuation within the City increased approximately 3.4%.
Because the City's overall assessed valuation decreased, the proposed City levy is slightly higher than the 2025 rate. The rate increase does not mean City property tax revenue is increasing by the same percentage.
Hancock Calculation for 2026
Inflation factor: 2.7%
Change in City assessed valuation: -0.4%
Hancock rollback required because of valuation growth: No; because overall assessed valuation decreased rather than increasing beyond the applicable growth limit, the City was not required to lower the levy as a result of valuation growth.
2026 Timeline
Sept. 22, 2026: City Council public hearing (and presentation) and consideration of the proposed property tax levy.
Oct. 1, 2026: Final rates are due to Jackson and Cass counties.
November 2026: The City levy appears as part of annual property tax bills.
2026 Assessment Considerations
Assessment activity in Jackson County may continue to affect final property values and tax calculations. In 2026, Jackson County continued implementing changes associated with prior assessment reviews, including limitations affecting certain residential and commercial property valuations. Additional programs or adjustments may also affect individual properties. These county assessment actions are separate from the City’s process for establishing its property tax levy.