Increase in Agricultural Land Values 2018

Create: 02/12/2018 - 09:40

2018 Appraisal Cycle Shows Increase in Agricultural Land Values

 

The Sumner County Appraiser’s Office will be mailing Change of Value notices by March 1st of 2018. Therefore, the Board of County Commissioners feel that it is our duty to bring to the property owner’s attention that you will be seeing another increase in the Agricultural “use value” of your properties.

 

Please remember that the Director of Property Valuation, State of Kansas is required by state law to annually determine the value of agricultural land.

 

It is based on the productive potential directly attributed to the natural capabilities of the land. It is not based on a fair market value like land that is purchased for development.

 

  • Dryland Crop is seeing an average of a 5% increase.

  • Irrigated Crop is seeing an average of a 13% increase.

  • Tame Grass is seeing an average of a 10% increase.

  • Native Grass is seeing an average of a 9% increase.

 

These increases are determined by the eight year average of landlord’s net income and expenses from 2009 to 2016.

 

About Author

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Terrence Dean Nichols
Terrence Dean Nichols (T.D.) was born and raised here in Wellington, KS. After graduating from Wellington High School in 2008 Terrence focused on his photography and skateboarding while working small part time jobs. Terrence enjoyed working with kids as a Paraprofessional at Washington Elementary for 3 years Before becoming the videographer/film editor for Studio 55 in early 2017.