Real Property Value Notices Mailed
Approximately 215,000 real property value notices have been
mailed for 2008. Of the approximate 215,000 value notices, 151,555 are
classified as residential. Of these, 112,653 or 74% increased in value, 3,834
(3%) decreased in value, and 35,068 (23%) remained the same. The median
increase for residential properties is 3%. This excludes properties that changed
use, or had new construction.
Also, 7,831 of the value notices were mailed for commercial
properties. Of these, 4,935 or 63% increased in value, 832 (10.6%)
decreased in value, and 2,064 (10.6%) remained the same. The median
increase for commercial properties is 8%. This excludes properties that changed
use, or had new construction.
If a property owner feels his/her value is unreasonable
(i.e. they could not sell their property for that amount), they can fill out the
back of their value notice and return it to the Sedgwick County Appraiser by
March 31, 2008.