Most Wichita-area homes increased in tax value again this year during a push by state lawmakers to make property taxes more transparent.
About 81% of residential properties in Sedgwick County increased in value. The increases averaged 6% compared to last year, according to the county appraiser’s office. Those values, combined with local levy rates approved by local elected leaders, help determine what residents pay in property taxes.
Sedgwick County Appraiser Mark Clark said the reason for the increases is that homes are selling faster and for more money than in the past, citing “a very strong imbalance between supply and demand in the residential market.”
(Read more: Local News |)
