How are the real estate appraisals for ad valorem taxes done?
Appraisal process Throughout the year information about each property is collected and reviewed, sales analyzed and appraisal models refined for the annual appraisal. Classification into types The Constitution of the State of Kansas requires that property be classified according to its use for tax purposes. The classes of property are: • Residential property is used for long-term residences whether it is a single family dwelling, apartment complex or a long term adult care facility. The assessment level of this class of property is 11.5%. • Agriculture use property is land and buildings devoted to agricultural uses. Ag land is assessed at 30% of its Use Value appraisal. Ag buildings are assessed as any other commercial building at 25%. • Vacant lots is the classification for land with no beneficial improvements. The assessment level for vacant land is 12%. • Not-for-Profit property owned and operated by organizations not subject to federal income taxes pursuant to certain 501 sections
