Archive for Thursday, March 9, 2006

Residential property values rise 12.9% in city

March 9, 2006, 12:00 a.m.

Updated: March 9, 2006, 7:25 a.m.

Residential property values in Lansing - and in all of Leavenworth County - are soaring.

According to County Appraiser Donna Graf, who recently mailed change-of-valuation notices to property owners, the value of all residential property in the city shot up 12.9 percent from 2005.

She said growth helped to fuel the residential valuation increase.

"Lansing added 92 residential parcels last year," Graf said. "That's a lot of parcels."

And Graf said she had seen no indications the upward climb in values would stop anytime soon. New residents from Johnson, Douglas and Wyandotte counties are driving up populations, and land prices, she said.

"Interest rates are low, and you've got the influx coming in from other counties," she said. "We're getting higher- and higher-dollar homes being built. You're seeing large homes - half-million dollars, three-quarters of a million dollars. We used to not have any."

Rural property is selling for premium prices, Graf said, especially in the southern part of the county.

"I don't care if it has two acres, they sell very high," she added. "It's just Johnson (County) coming, Douglas coming in down there. They're migrating into our county. Wyandotte, too."

She said her office didn't calculate an average valuation increase solely for existing residential property this year.

In Lansing, all property was valued $495.8 million this year, compared with about $443 million last year. That represents a 12 percent increase.

Countywide, all property was valued at $3.68 billion this year, compared with $3.3 billion in 2005, an increase of 10.4 percent.

And here's a historical look at the percentage increases in property valuations throughout the county:

¢ 2005 property values were 10.5 percent higher than 2004.

¢ 2004 property values were 9 percent higher than 2003.

¢ 2003 values were 13 percent higher than 2002.

¢ 2002 property values were 9 percent higher than 2001.

The new values will be used to calculate 2006 property taxes, based on the mill levies set by the county, cities and school districts. The 2006 tax statements will be mailed in November, with the first half of the taxes due on Dec. 20.

Any property owner who wants to appeal their 2006 valuation has until 5 p.m. March 30 to file a request, Graf said. Informal hearings may be conducted in person or over the telephone. Anyone choosing a telephone hearing should provide information to the appraiser's office before the hearing that they want considered in the appeal.

And it's important that property owners cancel their hearing if they're unable to keep the appointment.

If property owners do not file an appeal at this time, they have another opportunity later this year, when tax statements are sent.

- Current editor John Taylor contributed to this report.

Leavenworth County property appraisals: Follow this link to search for property appraisals on any parcel in Leavenworth County

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