When you get your property tax appraisal notice in the mail early next month, prepare to see a higher number than you’re used to. As a result of an overheated housing market, the median sale price of homes in Sedgwick County topped $200,000 for the first time. Consequently, tax appraisals are up this year for 88% of residential property owners, appraiser Mark Clark reported to the County Commission on Wednesday. Only 3% of homes declined in value. The median increase is 7%, largest for homes in the coveted $175,000-$225,000 band where the market is hottest, Clark said.
Source: Local News | Wichita Eagle
