2019 Ellsworth County Market Study Analysis

(First Published in the Ellsworth County Independent/
Reporter, February 7, 2019)

RESULTS OF THE MARKET STUDY ANALYSIS
FOR ELLSWORTH COUNTY
FOR THE ASSESSMENT YEAR 2019

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 1.0% to 6.0%.
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 1.0% to 6.0%.
A study of the land (vacant & improved) real estate market indicated that the market is stable with an upward trend in the rural areas. They are as follows:

• Ellsworth City (only neighborhoods 180 and 185)  
                              Warranted a 11% Decline
• Ellsworth City (all other areas)                     Lots no Changes
                              Warranted
• Holyrood City                    Lots no Changes Warranted
• Kanopolis City                      Lots no Changes Warranted
•  Wilson City                        Lots no Changes Warranted
• Lorraine City                       Lots no Changes Warranted
• Lake Kanopolis                   Lots no Changes Warranted
• Rural Home Site             Acreage no Changes Warranted
• Rural Secondary Site           Acreage no Changes Warranted
• Rural Residual Site           Acreage no Changes Warranted
• Rural Undeveloped Site      Acreage No Changes Warranted
• Rural Other Site           Acreage no Changes Warranted
A study of the commercial real estate market indicated stable values with typically no upward or downward trend.

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, new or updated soil type, production cost, Capitalization Rate and expenses. Ellsworth County has received the 2019 Agricultural Use Values from Property Valuation Department, results are as follows:

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