08/21/2026
h/t Racette
"I noticed something odd about the property tax exemption for Ethanol Products (see June 20 Facebook post). After persisting, come to find out, this was an input error. Taxes of $110,000 were missed. Should have been $1,674,920 in assessed property value, not $719,300. This is why we need oversight on tax incentive programs like IRBs. Thank you Sedgwick County employees for making the correction and acknowledging mistakes were made. Hope you get help for the 112 IRB exemptions needing clean up. City council, quit approving these deals until problems are fixed!
Current staff said it will take 2 to 3 years to review all of these IRB exceptions.
I only looked at a small sample of IRBs - Industrial Revenue Bonds. These businesses are given property tax exemptions for 5 - 10 years. This one caught my eye because they had been given $25,000,000 in IRBs for everything; original building at 37th Street N, new building at 39th and Webb, expansion, sales tax on furniture and equipment to PUT into the building. Parking lot paving, etc. Tax exemptions for this business could have easily stopped somewhere between 2004 and 2026 but kept going. Now come to find out, a mistake was made and they got even more tax exemptions than they should have. Now they have 45 days to pay this $110,000 tax bill from last year.
And residential homeowners end up paying a higher tax bill to make up for what commercial/business properties got for free!"
MAYBE RESIDENTIAL TAXPAYERS SHOULD WAIT 2-3 YEARS TO PAY THEIR PROPERTY TAXES WHILE IRB EXCEPTIONS ARE REVIEWED AND BACK COMMERCIAL TAXES ARE COLLECTED! When will our local governments show some concern and urgency? Oh wait, maybe I know...they won't as long as they think they can eventually pass and collect a sales tax.