Sedgwick County will mail about 180,000 property value notices for 2019, and they will be sent out on March 1st.
Interim county appraiser Mark Clark told county commissioners this week that 78 percent of residential properties will have an increase in value, generally around 4.5 percent. He said 11 percent of residential properties will be lower in value and another 11 percent will have no change.
Clark said 42 percent of commercial properties will be valued higher this year with a typical increase of 5 percent, 14 percent were lower in value and 44 percent had no change. He said 52 percent of agricultural properties will be valued higher this year with a typical change of 1.5 percent, and 47 percent will have a lower value, while one percent will have no change.
Clark said the county had an increase of 840 parcels for 2019, showing that economic activity is moving forward. He said new home construction was down more than 14 percent from 2017 to 2018, and sales activity was down just over two percent. He said rising interest rates, higher building costs and labor shortages were the reasons for the decline.
Clark said notices will only be sent to property owners who are seeing a change in value. Property owners who don’t receive a notice can check the value on the county’s web site at www.sedgwickcounty.org beginning March 1st.
Property owners who want to appeal their valuation can fill out the back of the notice and return it within 30 days, and appeal meetings will begin March 19th.