Our office maintains maps of the county, ownership and valuation records of each property in the county. By Kansas statute, our office is responsible for the valuation of all property in Wabaunsee County which includes real estate, personal property, oil and gas, and severed minerals. An important thing to remember is the Wabaunsee County Appraiser's Office does not create value. People determine value by their transactions in the market place. The Wabaunsee 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. Please contact our office with any questions you may have about your property.
January 30, 2018
WABAUNSEE COUNTY APPRAISER
RESULTS OF MARKET STUDY ANALYSIS
FOR WABAUNSEE COUNTY
FOR THE ASSESSMENT YEAR 2018
Annually,at least ten business days prior to the mailing of change of value notice pursuant to K.S.A. 79-1460a, 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 Kansas Department of Revenue.
A study of Wabaunsee County residential real estate for newer houses, i.e. built after 1945, indicated that there is an overall inflationary trend of .04 to 1.9% per year.
A study of Wabaunsee County residential real estate for older houses, i.e. built before 1946, indicated that there is an overall inflationary trend of 0 to 1.9% per year.
A study of Wabaunsee County commercial real estate indicated that the market is stable with no general upward or downward trend.
A study of Wabaunsee County real estate market for vacant lots indicated that there is an overall inflationary trend of 1.5% per year.
Values on specific properties may not follow indicated trends because of changes in the property, correction of data or adjustment of value based on sales of similar properties. Some properties may increase to a greater rate while some properties may decrease or change in valuation only slightly.
Agriculture land values have been established by the Division of Property Valuation and Kansas State University. 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 related 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.
Ryan T Michaelis
Wabaunsee County Appraiser