|News and Events|
Posted July 30, 2012
Home Values in Reno CountySales of both new and existing homes in Reno County show that property values have remained stable to trending upward slightly from 2011 to 2012. All sales were processed and analyzed. A determination was made as to whether or not each sale was an arm’s length transaction. All sales that were determined to be arm’s length transactions were used to assist in the valuation of residential properties in Reno County.
Commercial Values in Reno CountyMirroring residential properties, commercial values remained stable to trending upward slightly for 2011 to 2012, except the downtown area which has shown large increases in sale prices and value. The commercial staff primarily focused on the downtown area in 2011 and will be concentrating on warehouse and industrial properties for 2012.
Kansas Law requires owners of tangible personal property to report it annually to the county appraiser on or before March 15th of each year, with the exception of property in which taxes are paid at the time of registrations such as cars and pickups. Penalties are applied to late filings at the rate of 5% per month up to 25%. Failure to file will result in a 50% penalty. If you have not yet filed for this year, it is not too late to avoid further penalty. To avoid penalties, personal property must be reported to the County Appraiser’s Office within 30 days of purchase.
If you own personal property located in Reno County but, you reside elsewhere, property must still be reported in Reno County.
All-Terrain vehicles (ATV’s) do not require registration but, are taxable. To avoid penalties, ATV’s must be reported to the County Appraiser’s Office within 30 days of purchase.
Oil and Gas renditions must be submitted to the County Appraiser by April 1 of each year.
Change in Value Notices
2012 Change in Value Notices were mailed Friday, March 1, 2012.Real Property is appraised at “Market Value” as it exists on the first day of January each year. However, land devoted to Agricultural Use is valued at “Use Value” and not “Market Value”.
The latest date to file an Informal Appeal of your property valuation is within 30 days of the post-mark on the envelope the Change in Value Notice was sent in. If you do not appeal within this 30 day window, you may still appeal your valuation by making a “Payment Under Protest” at the time taxes are due in the Fall. This may be done by filing a protest with the Reno County Treasurer at the time payment is made.
What is the Appraisal Staff currently working on?
The Field Appraiser Staff are working on the annual 17% re-inspection process. The Property Valuation Department of the State of Kansas requires us to re-inspect each parcel once every 6 years. We are and will be conducting inspections on 17% of the county again this year. This amounts to approximately 6,500 parcels. This inspection process includes data collection on: Residential, Vacant, Agricultural, Multi-Family and Commercial properties.
The Residential Field Staff is currently working in the following area:
All Reno County field Appraisers can be identified with a Reno County Photo ID Badge and are driving clearly marked Reno County Vehicles. Property owners with questions may contact the Reno County Appraisers Office at (620) 694-2915.