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Journal-World classified (published 02/22/2013)

(Published in the Lawrence
Daily Journal-World February 15, 2013)

Results of the Market Study
Analysis for Douglas
County
For the Appraisal Year 2013
January 1, 2013
Pursuant to L. 1991, ch 279

A study of the residential
real estate market indicated that a large segment
of the Douglas County residential market will remain
steady or see a downward
trend in market value from
2012 to 2013. In fact, over
91 % of the residential
properties will see no value
change or will receive a
value reduction. A study of
the commercial real estate
market indicated that approximately 60% of commercial properties will remain unchanged or decline
in value from 2012 to 2013.
Values on specific properties change because of
changes in the property,
correction of descriptive information or calibration of
values based on sales of
similar properties.

In accordance with the provisions in K.S. A. 79-1476,
the Property Valuation Division (PVD), Kansas Department of Revenue 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, commodity
prices and production
costs. Based on the values
per acre provided by PVD
the cropland values increased while the tame
grass and native grassland
values in Douglas County
have decreased from 2012
to 2013.
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