Kansas Conservatives Challenge Property Tax Evaluation Methodology

For those willing to go into the weeds . . . This is an important discussion that might have implications throughout the Midwest.

Here's the easiest explanation of the math from this think tank group . . .

"Taxpayers across Kansas are howling about double-digit valuation hikes on their homes, which some appraisers justify by an increase in the median sales price of homes sold.  But tax attorney Linda Terrill with Property Tax Law Group says a change in median sales prices isn’t a valid reason to increase valuations on homes that weren’t sold, and data from the Miami County appraiser seems to make Terrill’s point."

Read more via www.TonysKansasCity.com link . . .

Median sales price isn't valid basis to raise all property values - The Sentinel

Taxpayers across Kansas are howling about double-digit valuation hikes on their homes, which some appraisers justify by an increase in the median sales price of homes sold. But tax attorney Linda Terrill with Property Tax Law Group says a change in median sales prices isn't a valid reason to increase valuations on homes that weren't sold, and data from the Miami County appraiser seems to make Terrill's point.