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Real estate

As real estate market booms, appraised values slated to go up

Home buyers looking for a residence in Johnson County are finding only a month and a half supply. Homes selling for $350,000 or below have the highest demand which results in higher market values for that price range.

This strong demand means residential property values continue to rise, and most residents’ appraised values are expected to go up again in 2018. During the week of February 26, residents will receive a Notice of Appraised Value.

The Johnson County Appraiser's responsibility is to value property at fair market value — the price it would bring on an open, competitive market. Sales activity is reviewed to arrive at the value.

In August 2017, the Johnson County Appraiser’s Office formed the Residential Reappraisal Advisory Committee, composed of realtors, lenders and fee appraisers, to advise the county of current residential market trends. Last year, 95 percent of residential real estate values increased.  The areas with the greatest increase were in De Soto, Fairway, Gardner, Lenexa, Merriam, Mission, Olathe, Overland Park, Prairie Village, Roeland Park, Shawnee and Spring Hill.

Homeowners have until March 28 to file an appeal to provide additional information, ask questions and discuss concerns. For questions, residents may contact the Appraiser’s Office at 913-715-9000.

The county appraiser’s staff makes the appraisal process transparent by publishing data used to determine home values at jocogov.org/appraiser.