Home buyers looking for a residence in Johnson County are finding only a two-month supply. The market trend for homes under $350,000 have the least amount of supply.
This strong demand means residential property values are continuingcontinue to rise, and most residents’ appraised values are expected to go up again in 2018.
The 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 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. This past year, 95 percent of residential real estate values increased. The areas with the greatest increase were in De Soto, Gardner, Lake Quivira, Lenexa, Mission Hills, Olathe, Overland Park, Prairie Village, Shawnee and Spring Hill.
By March 1, residents will receive a Notice of Appraised Value. Homeowners have 30 days to file an appeal to provide additional information, ask questions and discuss concerns.
The County Appraiser’s staff makes the appraisal process transparent by publishing data used to determine home values at jocogov.org/appraiser.