I was actually hoping she would just eventually pick up reading on her own, without me having to teach her, but it doesn't look like that's going to happen.
I was lazy and disorganized, taught myself to read at age three and was distressed when DD did not do the same. When she entered K (she was a summer baby, so barely five), she read at like level... C? Something like that. It wasn't impressive. At the end of K, she was somewhat better, but nothing nuts.
By age seven, she read all of the Harry Potter series. I'm not saying there was a great deal of comprehensions with the later books, but she sat down and read them all. Now, she reads everything she can get her hands on. So don't sweat it. Sometimes letting kids figure this out themselves is the best way for them to learn.