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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 01, 2011
Page
8
County overvaluation cases rise as homeowners miss or ignore sales price gaps. Journal-World finds 28 December sales with values far above sale prices, leaving owners unaware or indifferent about appeals. Some react with surprise, others accept higher tax bills, while appraisers defend sale-based methods.
The Journal-World analyzed 49 December 2010 closings to compare sale prices with the Jan 1 2011 appraised tax values. Of 28 properties, tax values exceeded sales prices by up to 30.7 percent, while 11 were below and 10 matched. The piece discusses appraiser methods, fairness to homeowners, and differing views from officials and peers.
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