How does the county appraiser determine market value?
When valuing your home, the appraiser determines the age, quality, location, condition, style and size of your property. The appraiser then uses 1 or more of the following 3 methods to value real property:
  • The Cost Approach: the cost to replace your property is adjusted for age and condition. This approach works well for new and unique properties.
  • 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).
  • The Market Approach: sales of similar property are compared to each other. The appraiser then adjusts for differences (for example, 1 house may have more square footage than another). This method works well for valuing homes.

Show All Answers

1. Why is property taxed in Kansas?
2. What does the County Appraiser do?
3. How does the county's appraisal affect my taxes?
4. Will the value of my home change every year?
5. What is property appraised at?
6. How does the county appraiser determine market value?
7. Does the county appraiser visit my home?
8. If I bought a house last year, should the value be the same as what I paid for it?
9. When will I be notified of the value of my property?
10. How can I determine if the appraisal of my home is accurate?
11. What can I do if I believe the value of my property is incorrect?
12. What is the mill levy and how is it set?
13. Who pays the taxes due on property I sold or purchased?
14. Are property taxes prorated between buyer and seller?
15. How do I calculate the property taxes for real property?