If you’re looking for a home in Johnson County, there’s about a two-month supply of homes for residents. The market trend for homes under $350,000 have the least amount of supply for potential home buyers.
Due to strong demand, residential property values continue to rise. In 2017, 95 percent of residential real estate values increased. The areas with the greatest increase were in DeSoto, Gardner, Lake Quivira, Lenexa, Mission Hills, Olathe, Overland Park, Prairie Village, Shawnee, and Spring Hill.
The Johnson County Appraiser’s Office formed the Residential Reappraisal Advisory Committee in August 2017. The purpose of this committee, comprised of realtors, lenders, and fee appraisers, is to advise the county of current residential market trends.
Each year, the Johnson County Appraiser’s Office completes a four-step process in valuing residential property — discover, list, value, and defend.
The appraiser's responsibility is to value property at fair market value; the price it would bring on an open, competitive market. In order to arrive at that value, county staff review sales activity.
By March 1, residents receive a Notice of Appraised Value showing the valuation of their property as of January 1. If a homeowner disagrees with their property valuation, he or she has 30 days to file an appeal with the county. This hearing is an informal conversation about the property.
The County Appraiser’s staff aims to make the appraisal process transparent by publishing data used to determine home values online at jocogov.org/appraiser.
Information provided by the Johnson County Manager's Office.