Kansas Statutes
Article 5 - Rules For Valuing Property
79-504 Appraisal standards; definitions.

79-504. Appraisal standards; definitions. For the purposes of this act:
(a) "Appraisal foundation" and "foundation" mean the appraisal foundation established on November 30, 1987, as a not-for-profit corporation under the laws of Illinois.
(b) "Written appraisal" means a written statement used in connection with the activities of the division of property valuation or a county appraiser that is independently and impartially prepared by a county appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by presentation and analysis of relevant market information.
History: L. 1992, ch. 249, § 3; L. 2016, ch. 112, § 10; July 1.

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Structure Kansas Statutes

Kansas Statutes

Chapter 79 - Taxation

Article 5 - Rules For Valuing Property

79-501 Appraisal of real and tangible personal property at fair market value in money; exceptions; rate of assessment.

79-503a Fair market value defined; allowable variance; factors to be considered in determining fair market value; generally accepted appraisal procedures and standards to be utilized.

79-504 Appraisal standards; definitions.

79-505 Same; adoption by director of property valuation; additional standards, when.

79-506 Same; interim standards; time for adoption of final standards.

79-507 Commercial and industrial machinery and equipment; definition; classification and valuation.