SHAWNEE Co., Kan. (KSNT) – The Shawnee County Appraiser’s Office on Monday mailed Real Estate Value Notices to 64,000 property owners within the county, all of which had a change in assessed value or classification of their property.
Approximately 81% of properties in the county will see an increase in value, which reflects a strong market, with Commercial Market Values seeing an increase of 2.7% and Residential Market Values at 5.7%, according to Appraiser Steve Bauman. Real estate sales occurred more often in 2020 than in the last five years.
“It’s not really tied to taxes,” said Bauman in a presentation to Shawnee County Commissioners on Monday. “We’re not looking to increase the value to collect more taxes, we’re just trying to reflect the market activity that’s there.
Although the real estate market in the county has seen less of a supply available, the properties that are for sale will sell at or above asking price and quickly, sometimes within five days, Bauman said.
“This was kind of a shocker to me,” Bauman said. “When COVID first hit we were looking at the sales coming in and it stalled for several weeks there in April and then it picked right back up and really started moving.”
The county has added just over $94.6 million in residential new construction and renovation, and $78.1 million in commercial new construction and renovation, according to Bauman.
Property owners who receive a value notice and would like to file an appeal have until March 31.