Archive for Wednesday, March 5, 2003

County’s valuation continues to climb

March 5, 2003

The total valuation of commercial and residential property in Leavenworth County increased by nearly 13 percent from 2002.

Donna Graf, Leavenworth County appraiser, on Friday mailed change-of-value notices to property owners in the county.

¢ To appeal your 2003 property valuation amount, call the Leavenworth County appraiser's office between 8 a.m. and 5 p.m., Monday through Friday.

¢ The office's number is (800) 250-2057, extension 0440.

¢ You must call by 5 p.m. March 31 to schedule an appeals hearing.

In 2002, property in the county was valued at $2,489,917,974. This year, the total valuation was set at $2,791,634,460, representing a 12.9 percent increase.

Last year, the property valuation increased 9 percent from 2001.

The residential real estate market in Leavenworth County remains strong, Graf said. The value of all residential properties in the county this year is 13 percent higher than 2002, while commercial properties were 10 percent higher than last year.

"That includes new construction," Graf said. "That's not just re-valuation."

She said three major factors are contributing to the continued rise in property values in Leavenworth County.

"I think, with the interest rates staying low, obviously more people are buying," Graf said. "And also because of the tragedy in September 2001, people started investing in real estate again, versus the stock market. And we obviously have a lot of building taking place in the southern part of the county, people coming in from Johnson, Wyandotte and Douglas counties.

"It's a combination of all those."

With the number of lots that are being developed for commercial and residential construction, Graf said she expects the increase in the county's valuation to continue.

"They're still developing plans and plats and all kinds of things," she said.

The values will be used to calculate 2003 property taxes, based on the mill levies set by the county, cities and school districts. The 2003 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 2003 valuation has until 5 p.m. March 31 to request an appeal, Graf said. Informal hearings may be conducted in person or over the telephone. Anyone choosing a telephone hearing should provide information before the hearing to the appraiser's office 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.

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