How does my county appraiser determine market value?
The appraiser determines the age, quality, location, condition, style and size of the property. The appraiser then uses one or more of the following 3 methods to appraise property at "market value:"
1. The Market Approach: Sales of similar property are compared to each other. The appraiser then adjusts for differences (for example, one house may have more square footage the another). This method works well for valuing homes.
2. The Cost Approach: The cost to replace your property is adjusted for age and condition. This approach works well for new and unique properties.
3. The Income Approach: In general terms, income from rent is used to value property. This method works well for income producing properties (for example, apartment buildings and malls).

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Show All Answers

1. What are the Burdens of Proof on Appeal?
2. How is property valued for tax purposes?
3. Why is property taxed in Kansas?
4. What does my county appraiser do?
5. How does the county's appraisal affect my taxes?
6. Will the value of my property change every year?
7. What is property appraised at?
8. How does my county appraiser determine market value?
9. Does the County Appraiser visit my property?
10. If I bought my house last year, shouldn't the value be the same as what I paid for it a year ago?
11. When will I be notified of the value of my property?
12. How can I determine if the appraisal of my home is accurate?
13. What can I do id I believe the value of my property is too high?
14. What should I expect at the informal meeting?
15. How do I calculate the property taxes on my property?
16. What is the mill levy and how is the mill levy set?
17. Who pays for taxes due on property I sold or purchased?