1. 1 The Kansas Official Ratio Study……………………………………..

2. 2 PVD says…

3. 3 In-office staff is temporarily validating sales for the following counties. Butler Crawford Douglas Reno Sedgwick ….only because PVD lost three field appraisers through the early retirement incentive. Gene Edwards Ray Cook Joan Pagel

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5. 5 2010 Final Ratio Study Results

6. 6 …globally for residential—2010 final

7. 7 …globally for commercial/industrial—2010 final

8. 8 For 2009, Johnson and Sedgwick’s combined value was 50 percent of the total.

9. 9 For 2009, Johnson and Sedgwick’s combined value was 54 percent of the total.

10. 10 2010 Ratio Study - Informal Hearing Comparison Number of counties and sales

11. 11 Ratio Study Informal hearing decisions

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13. 13 Through the ratio study informal hearing process four counties that were out of statistical compliance for the preliminary study were in for the final ratio study The Court of Tax Appeal is currently charging $2,000 for reappraisal requests, complaints and appeals by any Board or County Commissioners of the final ratio study for the county http://www.kansas.gov/cota/filing_fees/index.html

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22. 22 Tracking ComInd Sales (01-2006 to 08-2011) For economic indicators

23. 23 2011 Mid-Year Ratio Study

24. 24 2011 Mid-Year Ratio Study Residential Sampling Counties (Drop in number of valid sales) 2009 – 22 counties 1.Barton 2.Butler 3.Cowley 4.Crawford 5.Douglas 6.Finney 7.Ford 8.Harvey 9.Johnson 10.Labette 11.Leavenworth 12.Lyon 13.McPherson 14.Miami 15.Montgomery 16.Reno 17.Riley 18.Saline 19.Sedgwick 20.Shawnee 21.Sumner 22.Wyandotte 2010 – 20 Counties No longer sampling 1.Labette 2.Sumner 2011 – 14 Counties No longer sampling – in addition to the above 1.Barton 2.Cowley 3.Crawford 4.Finney 5.Lyon 6.Miami

25. 25 2011 Mid-Year Ratio Study – Global View Pie graphs are based on 2011 July Abstracts Total appraised residential value = 14,647,374,610

26. 26 Pie graphs are based on 2011 July Abstracts Total appraised commercial value = 6,850,828,408 2011 Mid-Year Ratio Study – Global View

27. 27 2011 Mid-Year Ratio Study – Global View

28. 28 2011 Mid-Year Ratio Study – Global View

29. 29 2011 Mid-Year Ratio Study – Global View

30. 30 The ratio study informal hearing process is a quality control phase of the ratio study program. Failing to appeal sales that you have documentation to support the sale should be invalidated (especially in the commercial subclass) could haunt you for the next four years if supplemental sales are needed (appraised values are used for the year in which the sale occurred). Ratio Study Informal Appeal

31. 31 2011 Ratio Study Informal Hearings

32. 32 Informal appeals on sales are accepted by the following methods –Snail mail –Electronically –Fax Refer to the memo that accompanies the preliminary study for your final appeal date (waiting until the last minute limits the amount of research that can be given to your appeal) The following information should be included –Cover letter –COV number on the SVQ –Parcel identification number –Documentation to support the appeal …and, one last thing

33. 33 Remember to push the upload to state button as soon as value notices are completed each year These are required before the new year ratio study database can be created (the system sends me an e-mail as they upload the same as when your monthly sales upload)

34. 34 …again