Sedgwick County homeowners see higher property appraisals again
Sixty percent of Sedgwick County homeowners will see higher tax appraisals when notices are mailed out March 1. Despite the bad news for three in five residential property owners, it’s actually the lowest proportion of appraisal increases since 2018. Appraisals went up for 80% of homeowners in 2023 and 88% in 2022. This year, the average median increase is 8%. Only 1% of the county’s 183,359 residential parcels declined in value. Tax appraisal increases are driven by sales of new and existing homes. “We still have shortages of housing. The unbalance between supply and demand is there and it pushes up those prices,” County Appraiser [...]