2025 Valuation year is here. Just FYI, most of our clients should have their I&E Questionnaires in their possession or already in the mail to taxpayers. 

We have begun prep work for NBHD and Small Tract Land Analysis.

We continue to make improvements to Kansas Analytics  and can provide training as needed


We also want to congratulate our retiring Appraisers - Leon Reimer in Meade County and Michelle Lowery in Harvey County. These two have been clients and, more importantly, friends for many years. Enjoy your retirement!

Here's an example of the use of Kansas Analytics to improve 17% data review..

Hotels/motels use a couple of comparative measures to judge performance. The basic KPI's (Key Performance Indicator) are known as ADR and RevPar. Let's take a look:

ADR - Average Daily Rate - is exactly what it says the avg revenue earned divided by the # of rooms sold. This can be viewed as a single night, an average of a specific day of the week and/or viewed over a long term:

Ex. Nightly revenue of $1500 for 10 rooms rented = ADR of $150
     or  yearly revenue of $520,000 for 4000 rooms = ADR of $130

REVPAR - Revenue Per Available Room - calculated either as Total Room Revenue divided by available rooms  or ADR X Occ Rate:

Ex. Nightly revenue divided by 15 rooms (even if only 10 rented) = $100
     or ADR of $150 X occ rate of 67% = $100

Both terms are useful but REVPAR presents a better comparative picture because it incorporates the occupancy rate of the motel.

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Lots of work in progress. Clients should have received and reviewed their small tract land studies by this week. Ag Mkt land studies are complete and Residential Depreciation is underway...  

Expect to receive forms and letters for gathering Cap Rate info in the next day or so!!
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Everyone can take a short breather after the completion of certification but it is time to be thinking and preparing for the work ahead for the 2024 valuation. Here's some things we have in the works:

• Preliminary work on NBHD Analysis and Profiles is well underway. We have added some additional information and standardized the profiles. We will be working with those of you who have changes to complete as soon as possible. Many will be completed in early July , while some may have other requirements but be completed no later than early August.
• A re-vamp of the small tract land analysis is completed and we will begin processing new sales data in the next few days. Due to PVD compliance issues, This process has become extremely complicated and we have added fields to clarify.
  
• We intend to provide more training opportunities this year. While we may do some "in-Person" we will be using online options. Our goal is to provide some base training in the following areas:
  • RESIDENTIAL GRADE & CDU
  • SALES FILE PROCESSING DO'S AND DON'TS
  • COMMERCIAL DATA COLLECTION - (PROFILES AND A BASE GUIDE)
• In the next few days, we will  distribute a data profile of Wal Mart stores in Kansas. While I realize that many of you do not have these stores in your county, we will be sharing this with a few other counties as well. As time allows, we plan to produce more profiles or listing reviews that we will share and make available on our website.
• KANSAS ANALYTICS -  We have provided instructions to sign on to KA but a few of you have not taken advantage of this. KA is still a work in progress but is a very useful tool in reviewing Grades/CDU and general data in a comparative manner. It 's use in hearings and final review will be exceptional if you take the time to learn how to use it.  We will individually or in an online setting, provide additional instruction as needed

Just a reminder - Our Spring Client Meetings have been scheduled as follows:

Garden City - County Government Bldg May 2nd - 9:30 am til 3:30 pm

Newton - County Health Department - April 26th 9:30 am til 3:30 pm

PLease make every effort to attend along with key personnel

​Non- clients are welcome to the afternoon sessions

The deadline to appeal a specific sale used by PVD in the 2022 ratio study is May 16th but the deadline to request the application of a time trend to sales is April 15th. Due to the market increases, most counties' ratios will benefit from an application of a positive trend. We will be happy to assist you with this but you will need to contact us as soon as possible. We will compile statistical trend data  based upon the market pubication data, the variance in mean/median sales prices from 2021-2022, the applied index to 2022 and 2023 values and Zillow available data for avg sales prices between 2021 and 2022. See the example below

Just a reminder that the 2024 SCOW is due to PVD by April 30 along with their budget form. These templates are available on PVD's website and also on our website on the "Client Information" page..  A scope or work parcel count document will be emailed to you by our staff and will also be available on your county's page link on our website (don't forget your password)