Annual Income and Expense Questionnaires Mailing Thursday August 15th

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.

"We also want property owners and managers to know we value their time. If it's easier to print out an income and expense report, rent roll, or IRS tax statement, please simply attach that information to the survey form and return it," said Burson.

The forms are also available on the Riley County website in the Appraiser section at https://www.rileycountyks.gov/2072

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.

For more information, please contact the Appraiser's Office at 785-537-6310 or 110 Courthouse Plaza, Manhattan, KS 66502.