A 1 percent sales tax increase approved by the Prairie Village city council in September will go into effect today at the Village Shops and Corinth Square.
The tax increase, part of a Community Improvement District deal proposed by LANE 4 Properties and approved by council votes of 8 to 4, will go to fund major redevelopments of the city’s two largest shopping centers. The sales tax rate at the shops will now be 9.525 percent, up from 8.525 percent. The sales tax rate at Prairie Village stores not located in the two shopping centers will remain 8.525 percent.
The term of the CID deal will keep the 1 percent increase in effect for 22 years.
Prairie Village finance director Karen Kindle prepared a document this fall comparing tax rates at shopping centers and municipalities throughout Johnson County. Click here to download it.
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