Most Sedgwick County properties’ appraised value won’t change, official says
02/19/2014 6:03 PM
02/19/2014 6:03 PM
A majority of houses and commercial properties will see no change in appraised value this year, Sedgwick County’s appraiser told county commissioners on Wednesday.
Fifty-four percent of houses will see no change in value this year, while 23 percent will see an increase and 23 percent will see a decrease, appraiser Michael Borchard said.
About 55 percent of commercial parcels will see no change in value, while 27 percent will see an increase and 18 percent will see a decrease, he said.
For the second year, property owners whose valuations remain the same as last year will not receive a notice from the county. The county will mail 102,800 property value notices, which is about 47 percent of all properties, Borchard said That will result in a savings for the county of about $44,000, he said.
The valuation notices will be sent out by March 1.
Property owners who don’t receive notices but want to see them may view them at www.sedgwickcounty.org beginning March 1. They also may print a notice from the website, and it will contain information about an appeal.
New home construction came in at 714 last year, an increase of 78 units from 2012. It was the first time the county had seen an increase in new dwellings for a long time, Borchard said.
The median sales price of houses was $138,400, which also was up from 2012.
Commercial property sales rose to 541 last year , up slightly from 530 in 2012. It was the fourth year sales had increased, Borchard said. But commercial building permits dropped from 1,943 in 2012 to 1,742 last year.
The county saw 81,800 square feet of office space and 409 apartment units added in 2013.
Fifty-four percent of agricultural parcels will see an increase in valuation this year in Sedgwick County, while 30 percent will remain unchanged and 16 percent will see a decrease, Borchard said. The Kansas Department of Revenue’s Property Valuation Division sets the agricultural use values for the state.
Property owners who want to appeal their values may fill out back of the notice and return it to the Sedgwick County Appraiser within 30 days of the date indicated on the notice. A hearing will be set up. Hearings will begin March 19.
For questions and information, visit the appraiser’s office at 4035 E. Harry, contact it by phone at 316-660-9110, or visit www.sedgwickcounty.org.