1 the kansas official ratio study……………………………………
TRANSCRIPT
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The Kansas Official Ratio Study……………………………………..
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PVD says…
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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
2010 Final Ratio Study Results
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Residential Median Ratio - Confidence Interval
In Compliance99.96%
Out of Compliance0.04%
Residential Coefficient of Dispersion - Confidence Interval
Out of Compliance0.10%
In Compliance99.90%
…globally for residential—2010 final
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…globally for commercial/industrial—2010 finalCommercial Median Ratio - Confidence Interval
Out of Compliance0.61%
In Compliance99.39%
Commercial Coefficient of Dispersion - Confidence Interval
Out of Compliance9.83%
In Compliance90.17%
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Residential Value Statewidebased on values from November 2010 Abstract
All Other, 7,321,447,378,
51%
Sedgwick, 2,369,668,516,
16%
Johnson, 4,844,578,179,
33%
For 2009, Johnson and Sedgwick’s combined value was 50 percent of the total.
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Commercial Value Statewidebased on values from November 2010 Abstract
All Other, 3,212,909,278,
48%
Johnson, 2,148,791,297,
32%
Sedgwick, 1,347,474,363,
20%
For 2009, Johnson and Sedgwick’s combined value was 54 percent of the total.
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2010 Ratio Study - Informal Hearing ComparisonNumber of counties and sales
137
29
156
32
284
41
314
36
312
40
415
48
349
51
289
37
336
33
208
24
155
23
0
50
100
150
200
250
300
350
400
450
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Number of Sales
Number of Counties
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3741
59
4245
69
125
44
115111
41
122138
24
150
122
72
221
71
37
192
67
45
177
6543
177
94
7
107
45
11
99
0
50
100
150
200
250
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
No Change Adjusted Invalidated
Ratio Study Informal hearing decisions
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Commercial, 36.8
Residential, 61.7
Vacant, 0.0Other, 1.9
0
10
20
30
40
50
60
70
Percentage of total sales appealed
2010 Informal Appeals by Subclass of Property
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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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Number of counties not meeting statistical compliance by subclass 2000 - 2010
1 1
75
4
9
5
9
34
3
1412
5
12
17
25
18
23
20
17
20
0
5
10
15
20
25
30
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Year
Nu
mb
er
by
Su
bc
las
s
Res
Com
15
16
Total financial institution sales sampled by residential sampling counties January thru December 2010
(Labette and Sumner County were not sampled for 2010)
0
10
20
30
40
50
60
70
80
90
100
Nu
mb
er
of
sa
les
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Governmental sales sampled by residential sampling countiesJanuary - December 2010
(Labette and Sumner County not sampled for 2010)
0102030405060708090
100110120130140150
Num
ber o
f re-
sale
s
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Financial and Governmental Sales Excluding Sampling CountiesJanuary thru December 2010 (999 sales)
0
10
20
30
40
50
60
70
80
90
100
County
Num
ber o
f Sal
es
19
20
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Tracking Valid Commercial SalesPrior to adding supplementals
11451209
1313 1287
1432
1558
1452 1469
1179
883
1033
700
800
900
1000
1100
1200
1300
1400
1500
1600
1700
1800
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Ratio Study Year
Nu
mb
er
of
Sa
les
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Tracking ComInd Sales (01-2006 to 08-2011)For economic indicators
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2011 Mid-Year Ratio Study
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2011 Mid-Year Ratio Study
Residential Sampling Counties (Drop in number of valid sales)
2009 – 22 counties1. Barton2. Butler3. Cowley4. Crawford5. Douglas6. Finney7. Ford8. Harvey9. Johnson10. Labette11. Leavenworth12. Lyon13. McPherson14. Miami15. Montgomery16. Reno17. Riley18. Saline19. Sedgwick20. Shawnee21. Sumner22. Wyandotte
2010 – 20 Counties
No longer sampling
1. Labette
2. Sumner2011 – 14 Counties
No longer sampling – in addition to the above
1. Barton
2. Cowley
3. Crawford
4. Finney
5. Lyon
6. Miami
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2011 Mid-Year Ratio Study – Global ViewResidential Median Ratio - Confidence Interval
Insufficient Sample Size Kiowa
8,389,1910.06%
Out of Compliance0
In Compliance14,638,985,419
99.94%
Pie graphs are based on 2011 July Abstracts Total appraised residential value = 14,647,374,610
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Commercial Median Ratio - Confidence Interval
In Compliance6,389,847,622
93.27%
Out of Compliance49,284,261
0.72%
Insufficient Sample Size - Counties (less than 3)
54 Counties411,696,525
6.01%
Pie graphs are based on 2011 July Abstracts Total appraised commercial value = 6,850,828,408
2011 Mid-Year Ratio Study – Global View
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2011 Mid-Year Ratio Study – Global View
Residential Coefficient of Dispersion - Confidence Interval
Out of Compliance 512,903,741
3.50%
In Compliance14126081678
96.44%
Insufficiant Sample Size Kiowa
8,389,1910.06%
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Commercial Coefficient of Dispersion - Confidence Interval
Insufficient Sample Size - 54 Counties (less than 3)
411,696,5256.01%
In Compliance5,636,092,513
82.27%
Out of Compliance 803,039,370
11.72%
2011 Mid-Year Ratio Study – Global View
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2011 Mid-Year Ratio Study – Global ViewResidential Price-Related Differential - Confidence Interval
IInsufficiant Sample Size Kiowa
8,389,1910.06%
In Compliance14,422,371,158
98.46%
Out of Compliance - 216,614,261
01.48%
Commercial Price-Related Differential - Confidence Interval
Out of Complianc98,070,467
01.43%
Insufficient Sample Size - 54 Counties (less than 3)
411,696,5256.01%
In Compliance6.341,061,416
92.56%
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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
Ratio Study Informal Appeal
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2011 Ratio Study Informal Hearings
50
7
-5
5
15
25
35
45
55
65
75
2011
Number of Sales
Number of Counties
22
0
28
0
5
10
15
20
25
30
2011
No Change Adjusted Invalidated
Commercial, 20.0
Residential, 80.0
Vacant, 0.0Other, 0.0
0
10
20
30
40
50
60
70
80
90
100
Percentage of total sales appealed
2010 Informal Appeals by Subclass of Property
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• 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
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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)
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…again