2019 Market Study

Results of the Market Study Analysis for Atchison County
For the Appraisal Year 2019
January 1, 2019
Pursuant to K.S.A.1995 supp. 79-1460a
2019 Real estate Change of Value Notices to be mailed the first of March

Atchison County analyzes data from three different modelsfor the residential properties. The models are -  Homes Built before 1945 influenced by the Cityof Atchison, Homes built after 1945 influenced by the City of Atchison andRural Homes outside the City of Atchison. A study of the residential realestate market for neighborhoods within each of these models indicated that themarket is stable with a slight upward trend in some neighborhoods by as much asone or two percent. One of the older neighborhoods has indicated, a one percentnegative trend.

A study of the commercial real estate market also indicatedthat the market is stable with a slight upward trend in a few areas.

A study of the real estate market for vacant lots within thevarious neighborhoods throughout the County indicated that the market is generallystable with no upward or downward trend.

Values on specific properties may not follow the generaltrend because of changes (such as new construction), corrections to the data,or adjustment of values based on sales of similar properties.

Agricultural land values have increased substantially overthe last several years. The weighted average increase for land devoted toAgricultural use in Atchison county for 2019 is 10%. Some areas of dry cropwithin certain soil types have increased as much as 21 to 23%.

The countyAppraiser’s office does not establish these Agricultural use values.

With the exception of agricultural land, whichis appraised at a productivity/use value established by the Kansas Departmentof Revenue, Property Valuation Division, all properties have been appraised ata reasonable estimate of market value based on one or more of the threerecognized approaches to value.