By Vivienne Leyva
PIO / Riley County
As part of the annual reappraisal process mandated by the State of Kansas, the Riley County Appraisers office is conducting a survey of multifamily, commercial, and industrial properties. Income and expense questionnaires will be mailed this Thursday, August 15th to Riley County properties in those categories. “We are studying trends in the local real estate market regarding rent prices, occupancy, and operating expenses, and we respectfully request participation from property owners,” explained Riley County Appraiser Anna Burson.
The information we gather will be used to calibrate our valuation models. It’s important to note the responses will not be used to value the specific properties providing information. ”The response information will be used in conjunction with data on other properties of similar use to find typical rents, occupancy, and expenses for the particular use type, such as retail, industrial, and multi-family structures.
All survey responses will remain confidential in accordance with Kansas Law and standards of professional appraisal practice.
The forms are also available on the Riley County website www.rileycountyks.gov in the Appraiser section. The completed questionnaire and/or additional documentation is due no later than September 2, 2024, and can be returned by email, fax, mail, or dropped off in person at the Appraiser’s Office in Manhattan.