Market Study

Results of the Market Study Analysis for Atchison County
For the Assessment Year 2024
Pursuant to K.S.A. 79-1460a


Annually, at least ten business days prior to the mailing of change of value notice pursuant to K.S.A. 79-1460a, and amendments thereto, the county or district appraiser shall cause to be published in the official county newspaper the results of the market study analysis as prescribed by the Director of Property
Valuation of the Kansas Department of Revenue.

A study of the residential real estate market indicated that there is an estimated overall average inflationary increase of approximately 15% countywide, while some areas only indicated a 7% increase.

Values on specific properties may not follow the general trend because of changes (such as new construction), corrections to the data, or adjustment and equalization of values based on sales of similar properties. Some properties may increase to a greater rate while some properties may decrease or change
in valuation only slightly.

A study of the commercial real estate market indicated that there is a general upward inflationary trend at minimum 2%.

A study of the real estate market for vacant lots within the various neighborhoods throughout the county indicated that the market is stable to increasing for certain market areas of 5%.

Agricultural land values have been established by the Division of Property Valuation and Kansas State University. In accordance with the provisions in K.S.A. 79-1476, the Division of Property Valuation is required to annually furnish each county the results of its study related to changes, if any, of the use value of agricultural land. Changes can and do occur as a result of several factors including cropping practices, commodity prices and production costs. Agricultural land values are calculations based on an eight-year moving average. Dry crop land and irrigated crop land increased with median percentage change of 3%. Tame grass land values increased with median percentage change of 10% and native grass land values increased with median percentage change of 3%.