Rural Franklin County homeowners seek higher appraisals than value
Appraisals soared as buyers paid premium for rural and commercial Ottawa area property, prompting a surge in hearings. Steve Brown cites 300 plus requests this year vs about 200 typical, due to real estate boom and state guideline pressure to align commercial valuations with fair market value.
MENTIONED IN THIS ARTICLE
Steve Brown
Brown
Franklin County
Ottawa
the Herald
Ansley
Price Gaps in Ottawa Area Homes Show Higher Asking Prices
The study finds most homes priced above 2005 appraisals with upscale properties averaging 18 percent above appraisals and overall asking prices about 30 percent higher. Lower priced, median, rural, and commercial properties show varied premiums, with tax bills potentially rising by hundreds to thousands annually if based on asking prices.
MENTIONED IN THIS ARTICLE
Ottawa
Franklin County property appraisals spark public outcry
Sharp increases in Franklin County property appraisals tied to fair market value have angered landowners and spurred challenges. Officials note many appraisals exceed sale prices, while market analyses often place values within ten percent of the appraisal. Tax hikes may deter buyers, especially where comparisons to nearby Johnson County rise.
MENTIONED IN THIS ARTICLE
Franklin County
Ansley
Lantis
Kansas City
Sprint
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