Kansas statutes require the county appraiser’s office to maintain all real estate values within specified ranges of fair market (K.S.A. 79-1485 et seq.) and to physically inspect each parcel at least once every six years (K.S.A. Supp. 2002 79-1476). Accomplishing these objectives requires careful planning and proper allocation of resources.
Purpose of Appraisals
The purpose of the valuations is to estimate fair market value for ad valorem tax purposes and the values generated are to be used only by taxing jurisdictions in the county. The effective date of each of the appraisals is January 1. The valuations are to be prepared in conformity with Kansas law; rules and regulations of the Department of Revenue, Division of Property Valuation (PVD) and with Standard 6 of the Uniform Standards of Professional Appraisal Practices unless that standard is superseded by jurisdictional requirements.
| Property Type: | Description | Assessment Rate | Approach to Value |
|---|---|---|---|
| Residential | includes homes, apartments, and condominiums | 11.5% | Market Value / Cost / Income |
| Commercial | real property used for commercial or industrial purposes | 25% | Market Value / Income |
| Ag Land | land used to develop agricultural use | 30% | Use Value / Income |
| Ag Imprv | improvements on land devoted to agricultural use | 25% | Market Value |
| Vacant Lots | vacant land with no improvements | 12% | Market Value |
| Non-Profit | real property owned and operated by not-for-profit organizations | 12% | Market Value |
| All Others | all other real property not elsewhere classified | 30% | Market Value |