A property's value may alter over time due to physical changes such as an addition or a garage, family room, bedroom, or extensive remodeling and modernization. also, property values may fluctuate due to the local economy. The economy of the entire community may affect the market value of your property negatively or positively.
Changes made to maintain your property's current value such as painting your home, replacing the roof, replacing the hot water heater, or making repairs would not necessarily increase the value of the property. However, if these tasks were not performed, the condition of the home would deteriorate, which would cause the market value to decrease.
Results of the Market Study for Haskell County for the Assessment Year 2020
Pursuant to L. 1991, CH279, SS2
A study of the Residential real estate market indicated that there is an overall inflationary trend of 1% per year.
A study of the Commercial and Vacant Lot real estate market indicated that the market is stable with no general upward or downward trend.
Values on specific properties may not follow the general trend because of changes in the property, correction of descriptive information or adjustment of values based on sales of similar properties.
In accordance with the provisions in KSA 79-1476, the Division of Property valuation is required to annually furnish each county the results of its study relating to changes, if any, of the Use Value of agriculture land. Changes can and do occur as a result of several factors including cropping practices, commodity prices and production costs.