Results of the Market Study analysis
Wichita County Assessment Year 2021
Pursuant K.S.A. 1995 Supp. 79-1460a
A study of the residential real estate market indicated that there was no overall inflationary trend for the 2021 tax year. A study of the commercial real estate market indicated that the market is stable, but does indicate a general upward or downward trend.
A study of the vacant real estate market indicated that the market is stable with no general upward or downward trend. Values on specific properties may not follow the general trend because of the changes in the property, corrections of descriptive information, or adjustment of value based on sales od similar properties.
In accordance with the provisions K.S.A. 79-1467, the Division of Property Valuation is required to annually furnish each county the results of its study relating to changes, if any, of the use value of the agricultural land. Changes can and do occur as a result of several factors, including cropping practices, commodity prices and production costs.
Randall R. Sangster
Wichita County Appraiser