Kansas Administrative Regulations

Regulation Number:93-4-6
Agency Title: KANSAS DEPARTMENT OF REVENUE -- DIVISION OF PROPERTY VALUATION
Article Title: Assessment-Sales Ratio Study
Tax Type:Property Tax
Brief Description:Standards.
Keywords:
Effective Date:06/26/1998


Body:

93-4-6. Standards. The "standard on ratio studies," adopted by the executive board of the international association of assessing officers in July 1990, shall constitute the minimum standard for the design, preparation, and use of the ratio study. The performance standards, summarized in table 5 of the "standard on ratio studies," shall be used to evaluate the appraisal of residential and commercial and industrial real estate, except that the coefficient of dispersion shall be 20 or less, with a confidence interval of 95 percent. (Authorized by K.S.A. 79-1491; implementing K.S.A. 79-1485, 79-1486, 79-1487, 79-1488, 79-1489, 79-1490, 79-1492, 79-1493; effective June 26, 1998.)