Market Study Analysis For Edwards County
EDWARDS COUNTY APPRAISER
EDWARDS COUNTY COURTHOUSE
312 Massachusetts Ave
Kinsley, KS 67547
Phone:(620)659-3001
K.S.A. 79-146oa RESULTS OF
MARKET STUDY ANALYSIS FOR
EDWARDS COUNTY
FOR THE ASSESSMENT YEAR 2024
PURSUANT TO L.1919, CH 279, 2
Annually, at least ten business days prior to the mailing of change of value notices pursuant to K.S.A. 79-1460, and amendments thereto, the county or district appraiser shall cause to be published in the official county newspaper the results of the market study analysis as prescribed by the Director of Property Valuation of the Department of Revenue.
A study of the residential (R) real estate market indicates that market values have continued to increase in 2023. Data indicates general trends from +2% to +8%, centering around +4-6%.
A study of the vacant (V) property real estate market indicated that the market is stable with no discernable upward or downward trend.
A study of the commercial/industrial (C) real estate market indicates that the market is mixed and is dependent upon the market segment. An overall trend is not discernable with limited data.
Values on specific properties may not follow indicated trends because of changes in the property, correction of descriptive data or adjustment of value based on sales of similar properties. Some properties may increase at a greater rate; some properties may decrease or change in valuation only slightly. All real property owners will be notified of the county appraiser's estimate of value on or prior to March 1, 2024. The appeal period extends to thirty days from the mailing date.
In accordance with the provisions in K.S.A. 79-1476, the Division of Property Valuation is required to annually furnish each county the results of its study relating to changes, if any, of the use value of agricultural land. Changes can and do occur as a result of several factors including cropping practices, commodity prices and production costs.
The Division of Property Valuation and Kansas State University has established current agricultural land values. EDWARDS County will implement the agricultural land values as provided by the Division of Property Valuation. These values are available for review within the County Appraiser's office.
The Edwards County Appraiser’s Office is mandated by K.S.A. 79 – 1476
To re-inspect all real property in Edwards County every six years. The purpose of this inspection is to verify that our data is current and represents the property accurately. The Appraiser’s Office physically inspects approximately 17% of the real property located in Edwards County each year.
If the public has any questions concerning the process, please call the Appraiser’s Office at (620) 659-3001.
***An important thing to remember is the County Appraiser’s Office does not create value. People determine value by their transactions in the market place. The County Appraiser’s Office simply has the legal responsibility to analyze those transactions and appraise individual properties based upon what is happening in the market place.