Property valuations are going up for eight out of 10 Wichita-area homeowners, so you’re wealthier and could probably sell your house in a heartbeat.
Unlike previous years, that may or may not affect your property taxes.
Property values are up on 79 percent of homes in Sedgwick County, with the typical increase about 6%, said Mark Clark, county appraiser. Values are unchanged on 19 percent of homes and only 2 percent declined, typically by 5%.
The median value of homes in the county went up from $169,000 in 2019 to $177,000.
“I will tell you we tamped these values down as much as we could,” Clark said.
Ordinarily, rising values would mean higher property taxes.
But the Kansas Legislature appears poised to pass a bill that would require local government to essentially freeze their property tax income at 2020 levels, by reducing tax rates as valuations rise.
Under Senate Bill
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