Results of the Market Study Analysis for Jackson County ...



Market Study Analysis for Jackson County, KansasAssessment date January 1, 2017Real Estate Market Value Trend:The Jackson County Appraiser’s office uses two geographically based models for the valuation residential property. The analysis of valid residential sales in Model #1 (Holton and surrounding area) indicates no definitive upward or downward trend of market values. Model #2 (rural and small towns) indicated a slight upward trend for homes built after 1945. Homes built before 1945 also show a slight upward trend. A study of the vacant lot and small acreage real estate market indicates the market is stable with a slight upward trend, mainly in Holton and the surrounding area. A study of the Commercial/Industrial real estate market indicates no general upward or downward trend. These studies are based on an overall analysis of real estate market conditions by assessment class in Jackson County. Appraised values on a specific or individual property may not follow a published trend due to changes in the property, a correction of descriptive information or an adjustment of values based on recent sales of similar properties.Agricultural Land:In accordance with the provisions in K.S.A 79-1476, the Division of Property Valuation is required to provide the county Agricultural Use Value per acre prices by soil type and use. Changes in agricultural use values are the result of several factors including cropping practices, commodity prices and production costs. Dry crop per acre values continued to increase for 2017 an average of 17%, while grass values increased an average of 6%. For additional information about Agricultural Use Value in Kansas visit the Kansas Department of Revenue / Property Valuation Division web site at, Pursuant to K.S.A. 1995 SUPP. 79-1460a ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download