Printable Format79-504. Appraisal standards; definitions. For the purposes of this act:
(a) "Appraisal foundation" and "foundation" mean the appraisal foundation established on November 30, 1987, as a not-for-profit corporation under the laws of Illinois.
(b) "Written appraisal" means a written statement used in connection with the activities of the division of property valuation or a county appraiser that is independently and impartially prepared by a county appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by presentation and analysis of relevant market information.
History: L. 1992, ch. 249, § 3; L. 2016, ch. 112, § 10; July 1.
Law Review and Bar Journal References:
"Survey of Kansas Law: Taxation," Sandra Craig McKenzie, 41 K.L.R. 727, 732 (1993).
Attorney General's Opinions:
County and district appraisers; qualifications, duties and responsibilities; proper respondent before appraisal board in complaint involving written mass appraisal reports. 96-71.
Valuation of real property; change in value without physical inspection. 96-81.
CASE ANNOTATIONS
1. Computer assisted mass appraisal introduced by county's witness fits within statute's definition of written appraisal. In re Tax Appeal of Yellow Freight System, Inc., 36 Kan. App. 2d 210, 217, 137 P.3d 1051 (2006).
2. Commercial valuation specialist's report not rendered invalid due to failure to explain 10% upward adjustment in ad valorem tax assessment for taxpayer's fast food restaurant. In re Equalization Appeal of Johnson County Appraiser, 47 Kan. App. 2d 1074, 283 P.3d 823 (2012).