David received his 2025 Notice of Value from the Douglas County Appraiser showing his home's appraised value increased by $40,000. He wants to file a formal protest. Under Kansas law, by what deadline must David file his protest after receiving the Notice of Value?
Correct Answer
B) Within 30 days of receiving the Notice of Value
Under K.S.A. 79-1448, a property owner who wishes to protest the county appraiser's valuation must file a written protest within 30 days of receiving the Notice of Value. Missing this deadline generally results in waiving the right to appeal the current year's valuation. The 30-day window is a strict statutory deadline that Kansas exam candidates must know precisely.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The cost approach estimates a property's value by calculating the current cost to rebuild the improvements, subtracting accumulated depreciation, and adding the land value. It is most reliable for new construction and special-purpose properties.
Depreciation is an accounting method of allocating the cost of an asset over its useful life, allowing investors to deduct a portion of the asset's cost each year.
Highest and best use is an appraisal concept that identifies the most profitable, legally permitted, physically possible, and financially feasible use of a property. It is the foundation of all property valuation.
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- → The income approach to appraisal is most commonly used for which type of property?
- → Which formula correctly calculates the capitalization rate?
- → External obsolescence in Oklahoma:
- → The sales comparison approach to appraisal is most appropriate for which type of property?
- → Which of the following correctly lists the three types of depreciation recognized in real estate appraisal?
- → The sales comparison approach to appraisal is most commonly used for which type of property?
- → Which four tests must a use satisfy to qualify as the highest and best use of a property?
- → Three depreciation:
- → Cap rate:
- → Which formula best represents the cost approach to appraisal?
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