Civilian Labor Force Miami County Average
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1 Volume 7, Issue 3 July, ,500 17,000 16,500 16,000 15,500 15,000 14,500 14,000 13,500 13,000 Civilian Labor Force Miami County Average Employed Unemployed 1st Half 2014 Average Unemployment Rates Miami County Kansas Kansas City, MSA st Half Source: Kansas Department of Labor, developed in cooperation with the US Bureau of Labor Statistics Spring unemployment rates tend to nose dive in the second quarter. That trend continues with the size of the labor force remaining stable, while more than 200 persons became employed during the second quarter of Inside this Issue: Single Family Home Values 2 Available Housing 3 Housing Occupancy 3 Building Permits 3 High School Graduation Rates 4 Composite ACT Test Scores 4 Peer Assessed Valuations 4 Housing and Income Comparisons 5 Average Tax Burden 5 Cost of Living 6 Effective Buying Income 6 Pull Factors 6 Crime Rates 7 Consumer Price Index 7 Sales Tax Receipts 8 Sales Tax Rates 9 Transient Guest Taxes 9 Local Assessed Valuations 10 Mill Levies 11 Population 12
2 Historical records regarding sale prices for property will differ slightly between the Miami County Appraiser s Office and other sources such as the Kansas City Regional Association of REALTORS and the Home Page 2 Average Single Family Home Sale Price Sales Price Price Per Sq Ft Sales Price Price Per Sq Ft Sales Price Price Per Sq Ft Sales Price Price Per Sq Ft Paola $133,629 $93 $129,477 $90 $149,284 $ 90 $138,981 $94 Louisburg $165,038 $104 $163,665 $102 $161,734 $106 $142,424 $92 Spring Hill $170,143 $106 $181,454 $107 $168,207 $106 $193,235 $113 Osawatomie $74,052 $60 $101,611 $66 $83,318 $59 $82,000 $70 Unincorporate $243,108 $136 $238,000 $132 $259,081 $131 $236,854 $129 Miami County Combined $173,363 $97 $184,652 $110 $187,412 $110 $184,145 $110 Source: Miami County Appraiser's Office Builders of Greater Kansas City. Numbers tracked by the Appraiser s Office includes sales that did not involve a real estate agent. Average Sale Price Resale Single Family Homes Miami Johnson Leavenworth Wyandotte Cass Clay/Ray Jackson Platte 2009 $148,687 $222,145 $142,219 $69,039 $134,288 $132,572 $113,919 $169, $145,738 $231,866 $148,373 $74,709 $140,735 $134,477 $111,048 $176, $139,038 $223,749 $142,137 $61,824 $129,886 $122,415 $107,429 $164, $159,187 $229,933 $140,248 $69,868 $133,924 $129,333 $117,427 $175, $173,199 $242,499 $152,567 $79,514 $143,660 $143,448 $132,485 $185,708 1st Half 2014 $154,350 $243,526 $146,399 $82,570 $141,456 $150,172 $158,044 $186,404 Average Sale Price New Single Family Homes Miami Johnson Leavenworth Wyandotte Cass Clay/Ray Jackson Platte 2009 $195,125 $363,620 $242,413 $204,792 $242,176 $242,011 $286,710 $299, $208,580 $376,319 $234,257 $189,441 $245,202 $263,942 $276,575 $312, $217,305 $370,814 $262,432 $199,982 $240,714 $249,827 $267,271 $330, $213,795 $380,528 $229,938 $203,705 $248,507 $269,461 $287,972 $289, $262,523 $409,507 $252,072 $225,454 $315,681 $281,390 $313,044 $316,739 1st Half 2014 $315,175 $426,933 $230,348 $225,568 $313,694 $288,728 $300,540 $348,569 Average Sale Price New and Resale Single Family Homes Miami Johnson Leavenworth Wyandotte Cass Clay/Ray Jackson Platte 2009 $150,834 $239,138 $160,914 $80,164 $147,398 $148,203 $122,049 $190, $146,960 $247,736 $161,360 $82,806 $149,642 $153,605 $116,455 $195, $140,611 $239,044 $152,586 $68,056 $136,974 $135,391 $112,256 $187, $159,772 $246,931 $149,409 $74,373 $141,801 $145,266 $124,282 $190, $175,352 $261,695 $164,413 $87,085 $155,110 $159,178 $140,468 $205,030 1st Half 2014 $156,561 $261,166 $158,309 $90,386 $151,857 $168,026 $158,044 $212,578 Source: Kansas City Regional Association of REALTORS
3 The single-family home months of supply is calculated by dividing the county s inventory by the 12- month average number of sales. Generally, five to six months is balanced. As supply rises, the market tends to favor buyers while a lower inventory favors sellers. Source: Kansas City Regional Association of REALTORS Avg. Months of Supply st Half Housing Occupancy Total Units Vacancy Rate Overall Mix Owner- Owner- Occupied Vacant Occupied Rental Occupied Rental Abilene 91.6% 8.4% 2.5% 7.4% 66.5% 33.5% Baldwin City 90.2% 8.9% 5.4% 8.6% 66.2% 33.8% Basehor 93.1% 6.9% 4.6% 8.8% 78.6% 21.4% Baxter Springs 85.4% 14.6% 3.8% 9.5% 66.7% 33.3% Bonner Springs 92.9% 7.1% 3.3% 7.1% 68.6% 31.4% Concordia 85.9% 14.1% 3.2% 13.0% 65.2% 34.8% De Soto 91.1% 8.9% 1.7% 17.0% 67.7% 32.3% Edwardsville 95.1% 4.9% 2.3% 5.6% 74.4% 25.6% Eudora 95.8% 4.2% 1.1% 5.3% 67.1% 32.9% Fontana 8.6% 14.3% 6.5% 6.7% 80.6% 19.4% Gardner 91.0% 9.0% 2.4% 16.6% 72.0% 28.0% Garnett 89.2% 10.8% 3.2% 12.6% 68.4% 31.6% Hesston 93.9% 6.1% 1.5% 9.3% 70.1% 29.9% Iola 89.4% 10.6% 2.7% 8.3% 61.3% 38.7% Louisburg 92.1% 7.9% 5.5% 7.1% 76.1% 23.9% Miami County 92.2% 7.8% 2.9% 7.9% 78.4% 21.6% Osawatomie 86.9% 13.1% 4.6% 11.9% 56.3% 43.7% Ottawa 90.6% 9.4% 3.1% 9.8% 57.8% 42.2% Paola 92.7% 7.3% 2.8% 6.7% 62.5% 37.5% Spring Hill 92.8% 7.2% 4.5% 7.4% 76.8% 23.2% Tonganoxie 95.5% 4.5% 2.6% 3.1% 68.3% 31.7% Source: 2010 US Census New Single Family Home Permits st Half 2014 Louisburg Paola Spring Hill Osawatomie Miami County Source: Cities and county *Spring Hill numbers reflect Miami County only Page 3
4 Educational Achievement High School Graduation Rate Composit ACT Score State Average Abilene USD Baldwin City USD Basehor USD Bonner Springs USD De Soto USD Gardner USD Iola USD Louisburg USD Osawatomie USD Ottawa USD Paola USD Prairie View USD Spring Hill USD Tonganoxie USD Wamego USD The four-year adjusted cohort graduation rate reflects the percent of students who graduated in four years with adjustments during the time period for student transfers. It is based on high school building-level achievement. The ACT is a national college admissions examination that consists of subject area tests in English, math, reading and science. The Composite Score is the average of a student s four test scores, rounded to the nearest whole number. A perfect test score is 36. Source: Kansas State Board of Education City Assessed Valuation Abilene $ 51,851,481 $ 52,567,634 $ 51,266,549 Baldwin City $ 30,858,321 $ 30,958,913 $ 29,663,796 Bonner Springs $ 74,253,322 $ 67,451,219 $ 66,757,069 De Soto $ 54,878,585 $ 52,304,137 $ 57,981,153 Fontana $ 1,195,275 $ 1,104,260 $ 1,055,129 Gardner $ 134,838,872 $ 128,337,591 $ 129,274,134 Garnett $ 18,012,359 $ 18,180,867 $ 17,839,919 Hesston $ 24,620,582 $ 25,524,893 $ 26,710,440 Louisburg $ 41,246,087 $ 38,111,552 $ 36,926,640 Osawatomie $ 24,103,323 $ 23,005,714 $ 22,523,893 Ottawa $ 80,964,420 $ 80,179,137 $ 81,904,721 Paola $ 48,337,291 $ 46,449,708 $ 45,460,013 Spring Hill $ 56,571,199 $ 53,678,820 $ 56,102,842 Tonganoxie $ 36,089,914 $ 35,547,247 $ 34,747,676 Wamego $ 35,912,180 $ 36,230,866 $ 36,817,843 Page 4 Source: Kansas League of Municipalities
5 Each city selected peer communities based on size and proximity to highways and major metro markets. This list of peers includes only those that are common to Spring Hill, Louisburg, Paola and Osawatomie Housing and Income Comparison 2012 Median Home Value Home Ranking 2012 Median Household Income Income Ranking Abilene $ 114,400 9 $ 52,240 9 Basehor $ 181,700 2 $ 81,439 1 Baxter Springs $ 72, $ 50, Bonner Springs $ 153,600 4 $ 55,352 5 Concordia $ 66, $ 37, De Soto $ 185,500 1 $ 54,983 6 Edwardsville $ 126,800 7 $ 54,327 7 Iola $ 58, $ 32, Louisburg $ 151,000 5 $ 56,332 3 Osawatomie $ 90, $ 34, Ottawa $ 84, $ 53,497 8 Paola $ 123,800 8 $ 50, Spring Hill $ 161,300 3 $ 73,406 2 Tonganoxie $ 147,900 6 $ 55,793 4 Source: American Community Survey , 5 year estimates Average Tax Burden 2014 Average Tax on: 2013 Average Rate $1,000,000 $250,000 (Per $1,000 of Assessed Value) Commercial Property Home Johnson County, KS $ $30,132 $3,419 Olathe $ $31,433 $3,569 Miami County, KS $ $31,966 $3,630 Fontana $ $32,023 $3,637 Hesston $ $32,978 $3,746 Abilene $ $35,203 $4,002 Tonganoxie $ $36,123 $4,108 Gardner $ $36,150 $4,111 Spring Hill $ $36,310 $4,130 De Soto $ $36,925 $4,200 Baldwin City $ $37,175 $4,229 Paola $ $37,178 $4,229 Louisburg $ $37,713 $4,291 Spring Hill $ $39,470 $4,493 Bonner Springs $ $40,703 $4,635 Topeka $ $41,080 $4,678 Osawatomie $ $41,803 $4,761 Ottawa $ $44,105 $5,026 Iola $ $45,993 $5,243 Garnett $ $48,358 $5,515 Source: Kansas Department of Revenue and Kansas League of Municipalities Page 5
6 Data from almost 100 Miami County businesses was compiled to create the ACCRA Cost of Living Index. At least three businesses provided prices for more than 60 items. The participating businesses represented each community in the county providing comparative services. Standards for the items were provided by The Council For Community and Economic Research (C2ER) to create consistency among participants. Prices for utilities, health care, fuel, grocery items and housing were among those surveyed. Of the more than 300 regions studied, the Kansas City metro area ranked toward the top third. Prices gathered specifically for Miami County ranked in the bottom third. Data for smaller markets is gathered three times annually and released by C2ER. A composite score is provided along with the weighted categories. Comparisons of their national data can be obtained at Composite (100%) Grocery (12.49%) Housing (29.84%) First Quarter 2014 Utilities (9.94%) Transport. (10.73%) Health (4.07%) Misc. (32.93%) St. Louis MO-IL Topeka KS Miami County KS Kansas City MO-KS Denver CO Oklahoma City, OK Effective Buying Income is also commonly known as disposable personal income. It represents personal income, such as wages, salaries, interest, dividends, profits, rental income, and pension income, minus federal, state, and local taxes and non-tax payments, such as personal contributions for social security insurance. Source: Nielsen Claritas, 2014 Average EBI 2014 Miami County $59,170 Kansas City MSA $57,453 Kansas $54,756 US $58,111 Page 6 County Butler Douglas Finney Franklin Harvey Johnson Leavenworth Lyon McPherson Miami County Riley Saline Sumner The Pull Factor is one measure of a county s retail trade. A factor of 1 depicts a perfect balance of trade where the purchases of county residents who shop elsewhere are offset by the purchases of out-of-county customers. Values greater than 1 indicate that trade is pulled in from beyond their home county. Values less than 1 indicate that more trade is lost than pulled into the county. Source: Kansas Department of Revenue, state fiscal year
7 60.0 Total Crime Index Offenses County Average Miami County Sheriff Paola Police Louisburg Police Osawatomie Police Spring Hill Note: Includes violent crime and property crime per 1,000 people Source: Kansas Bureau of Investigation The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It reflects spending patterns for all urban consumers and urban wage earners. It is based on the expenditures of almost all residents of urban or metropolitan statistical areas, including professionals, the self-employed, the poor, the unemployed and retired persons as Consumer Price Index Kansas City, MSA Not Seasonally Adjusted st H alf 2014 well as urban wage earners. Excluded from the CPI are the spending patterns of persons living in rural non-metropolitan areas, farm families, persons in the Armed Forces, and those in institutions, such as prisons and mental hospitals. The Consumer Price Index for All Urban Consumers in the Midwest advanced 0.9% in March, the U.S. Bureau of Labor Statistics has reported. Higher prices for motor fuel and utility (piped) gas service led the monthly increase. Overall, energy costs advanced 6.0% over the month. The food index rose 0.4% and prices for all items less food and energy were up 0.3%. The CPI-U for the Midwest advanced 1.5% from March 2013 to March Food prices increased 1.8% and the energy index, which includes motor fuel and household fuels, was up 2.3%. Excluding food and energy, the CPI-U rose 1.4% over the year. Source: US Bureau of Labor Statistics Page 7
8 Thousands Receipts By Entity $2,500 $2,000 $1,500 $1,000 $500 $ st Half 2014 Fontana Louisburg Osawatomie Paola Spring Hill Miami County Special R & B County Jail 1st Half Source: Kansas Department of Revenue Sales Tax Receipts Per Capita $- $50 $100 $150 $200 $250 $300 $350 $400 $450 Page 8 Fontana Louisburg Osawatomie Paola Spring Hill Miami County
9 Osawatomie last increased its local tax rate from 0.5% to 1% in Paola increased that same year from 1% to 1.25%. The first disbursements under the new rate were made in January of Spring Hill increased its sales tax rate from 1% to 1.5% in April of The first disbursements under the new rate were made in June of Louisburg increased its sales tax rate from 1% to 1.25% in July of The first disbursements under the new rate was made in September of Miami County increased it collection rate to 1.5% in October of The first disbursements under the new rate will be made in January of The State of Kansas, which retains the majority of sales tax revenue, lowered its rate to 6.15% in July of The first disbursements under the new rate will be made in October of Note: Spring Hill charts include all but Johnson County special collections. All others include all local and county shared taxes. Combined Sales Tax Rates: Miami County Unincorporated Area 7.65% City of Fontana 8.15% City of Louisburg 8.9% City of Osawatomie 8.65% City of Paola 8.9% City of Spring Hill (JO) 8.875% City of Spring Hill (MI) 9.15% Source: Kansas Department of Revenue Kansas allows cities to impose a transient guest tax, in addition to the sales tax, on the rental of rooms, lodging, or other sleeping accommodations. The guest tax applies when there are more than two bedrooms furnished for the accommodations of guests and when the room is rented for 28 consecutive days or less. The City of Osawatomie assesses a 6% $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $- $20,000 $15,000 $10,000 $5,000 Osawatomie Transient Guest Tax $- Paola Transient Guest Tax January April July October January April July October tax while the City of Paola collects 5%. Taxes are not collected within the unincorporated areas. The local use of the dollars collected is governed by each city. In both Paola and Osawatomie, a local board of volunteers have been appointed to oversee the expenditures. Source: Kansas Department of Revenue Page 9
10 Total Combined Value Millions $400 $350 $300 $250 $200 $150 $100 $50 $- Miami County Total Assessed Valuation Commerical Noncommerical Assessed valuations include the combined value of personal property, real property and the value of things such as utility infrastructure and mineral rights. Personal property includes vehicles while real property includes land. While reliance on real property versus personal property varies by community, overall almost 30% of the county s assessed valuation was generated by commercial uses. The State of Kansas determines how values are assessed. For example, commercial structures pay property taxes on 25% of their appraised value while a home pays property taxes on 11.5% of the home s appraised value. Source: Miami County Clerk Community Assessed Valuations Millions Fontana Louisburg Osawatomie Paola Spring Hill* 10 0 Page Source: Miami County Clerk *Miami County Portion Only
11 180 Mill Levy Comparisons Total Levy Source: Miami County Clerk Fontana Louisburg Paola Osawatomie Spring Hill Miami County Mill Levy by Fund Mill Levy Special Bridge Road and Bridge County Wide Reappraisal Bond and Interest General Page 11
12 Since the 1980s, a majority of Miami County has seen significant growth. From 1980 to 1990, Fontana was the only community to see a decrease in population. From 2010 to 2013, Miami County gained 120 residents or 0.2%, growing to 32,835. During that same time period, Fontana lost 8 people, -3.5%, to 216 residents. Louisburg lost 16 people, -0.3%, to 4,299 residents. Osawatomie lost 62 residents, -1.3%, falling to 4,385 residents. Paola gained 28 residents, 0.4%, to 5,630 residents. Spring Hill* increased 293 people, 5.3%, to 5,730 residents. *The Spring Hill reflects both Johnson and Miami counties. Source: Kansas Budget Office Percent Population Growth % -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% Miami County Fontana Louisburg Osawatomie Paola Spring Hill Miami County Economic Development 201 S. Pearl, Suite 202, Paola, KS Phone: Fax: jmcrae@miamicountyks.org miami county KANSAS
Civilian Labor Force Miami County Average
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