Market Study Analysis 2024

CHAUTAUQUA COUNTY APPRAISER
CHAUTAUQUA COUNTY COURTHOUSE

215 N Chautauqua St.
Sedan, KS 67361
Phone:620) 725-5820
K.S.A. 79-1460a RESULTS OF
MARKET STUDY ANALYSIS FOR
CHAUTAUQUA COUNTY
FOR THE ASSESSMENT YEAR 2024
PURSUANT TO L.1919, CH 279, 2

Annually, at least ten business days prior to the mailing of change of value notices
pursuant to K.S.A. 79-1460, and amendments thereto, the county or district
appraiser shall cause to be published in the official county newspaper the results
of the market study analysis as prescribed by the Director of Property Valuation
of the Department of Revenue.
A study of the residential (R) real estate market indicates that market values have
continued to increase in 2023 but at a lower rate than the previous year. Data
indicates general trends from 2% to +10%.

A study of the vacant (V) property real estate market indicated that the market is
stable with a general upward trend that is not discernable.
A study of the commercial/industrial (C) real estate market indicates that the
market is mixed and is dependent upon the market segment. An overall trend is
not discernable due to limited data but an upward trend of 0% to 6% is
supported.
Values on specific properties may not follow indicated trends because of changes
in the property, correction of descriptive data or adjustment of value based on
sales of similar properties. Some properties may increase at a greater rate; some
properties may decrease or change in valuation only slightly. All real property
owners will be notified of the county appraiser's estimate of value on or prior to
March 1, 2021. The appeal period extends to thirty days from the mailing date.

In accordance with the provisions in K.S.A. 79-1476, the Division of Property
Valuation is required to annually furnish each county the results of its study
relating to changes, if any, of the use value of agricultural land. Changes can and

do occur as a result of several factors including cropping practices, commodity
prices and production costs.
The Division of Property Valuation and Kansas State University has established
current agricultural land values. CHAUTAUQUA County will implement the
agricultural land values as provided by the Division of Property Valuation. These
values are available for review within the County Appraiser’s office.