Kansas Statutes 79-1455. County as separate appraisal district; duty to appraise annually
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 79-1455
- Appraisal: A determination of property value.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Personal property: includes money, goods, chattels, evidences of debt and things in action, and digital assets as defined in the revised uniform fiduciary access to digital assets act, Kan. See Kansas Statutes 77-201
- Personal property: All property that is not real property.
Except for counties which have formed appraisal districts pursuant to Kan. Stat. Ann. § 19-425 et seq., each county shall comprise a separate appraisal unit, and the county appraiser shall have the duty of appraising all real and tangible personal property in the county.
District appraisers shall have the powers and duties vested in and imposed upon county appraisers. The term “county appraiser” shall be construed to include “district appraiser.”
Each year all taxable and exempt real and tangible personal property shall be appraised by the county appraiser at its fair market value as of January 1 in accordance with Kan. Stat. Ann. § 79-503a unless otherwise specified by law.