Tax valuations will increase for 87% of homeowners in Sedgwick County this year. The average median increase for residential properties is 9%. Notices will be mailed out March 1. Last year, 60% of residential property owners saw an increase in valuation, with a 10% median increase. Tax appraisal increases are driven by the sales prices of new and existing homes. “Demand is high and the supply of homes is tight, thus prices increase as a result of this continuing imbalance,” county appraiser Mark Clark told county commissioners.
Source: Local News | Wichita Eagle
