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Ellsworth County Market Study Analysis

POSTED: February 15, 2013 7:00 a.m.

(First Published in the Ellsworth County Independent/
Reporter, Feb. 14, 2013)

RESULTS OF THE MARKET STUDY ANALYSIS
FOR ELLSWORTH COUNTY
FOR THE ASSESSMENT YEAR 2013

PURSUANT TO K.S.A. 1995
SUPP. 79-1460A

 A study of the residential real estate market for older houses, i.e. built before 1945, indicated that there is an overall inflationary trend of 2.5% to 16.0%.
A study of the residential real estate market for newer houses, i.e. built after 1945,
indicated that there is an overall inflationary trend of 2.5% to 16.0%.
A study of the land (vacant & improved) real estate market indicated that the market is stable with an upward trend in rural areas. They are as follows:

Ellsworth City                       No Changes Warranted
Holyrood City                      No Changes Warranted
Kanopolis City                       No Changes Warranted
Wilson City                      No Changes Warranted
Lorraine City                      No Changes Warranted
Lake Kanopolis                      No Changes Warranted
Rural Home Sites (ALL)                  Warranted a 20% to 25%
                         Increase

A study of the commercial real estate market indicated there is an overall inflationary trend of 1.5% to 10.0%.
Values on specific properties may change do to property characteristic data changing, correction of descriptive information, calibration of values based on sales of similar properties and a current sale of the subject property.
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 (crop mix), commodity prices, production cost, Capitalization Rate and expenses. Ellsworth County has received the 2013 Agricultural Use Values from Property Valuation Department, the results are as follows:





































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