Kansas City New Property Values

[Laura Williams]

I was just reading on Westport/Plaza Next Door website about how Jackson County Assessors just raised property values alot. Tons of people freaking out cause they're seeing their property's assessed values doubling and tripling especially in the Hyde Park areas.  I checked my property values online and they showed also a HUGE jump up. 

Does anyone know anything about this? In Kansas City are they legally allowed to double or triple the property taxes in only one year for the general population of certain areas?  One of the people commented on the post that we only have until June 24th to try to appeal. Just wondering what other's thoughts are that own property in Kansas City and what the deal is......If we are going to get a huge increase in our taxes coming up? Or anyone that has a good tax person who can appeal these increases? I've only just heard about all of this today and I've not gotten any notices from Jackson County...yet 

[Kim Tucker]

MAREI has a blog post featuring all the articles from KCTV5

You can also google KCTV5 - there is a 7 part in-depth series.

Here's what I have learned this week.

Two similar properties side by side seemed to get widely different assessments on the land it seems.  Sometimes 10 times different.

Your deadline to appeal your assessments was this past Monday the 24th.

There was a class action filed this week.

And the reason for the issue is the assessor's office lost their access to real MLS data so they went with the free data that is not house, street, specific, but general to the neighborhood. Using that data they took a Wild A** Guess.

One of the reasons, that if you invest in a city you don't live in where you can't watch the news, you should be a member of a local association that will keep you informed via on issues like taxes, regulations, laws.