79-506.
Same; interim standards; time for adoption of final standards.
(a) The uniform standards of professional appraisal practice as promulgated by the appraisal standards board of the appraisal foundation in effect on March 1, 1992, for all dates of valuation on or after January 1, 1993, are hereby adopted upon the effective date of this act as interim standards.
(b) Rules and regulations or appraiser directives promulgating appraisal standards adopted by the director of property valuation shall be proposed not later than six months and shall be adopted in final form and become effective not later than 12 months following the effective date of this act.
History:
L. 1992, ch. 249, § 2; July 1.
CASE ANNOTATIONS
1. Oil lease experiencing production decline late in year previous to assessment properly valued by consideration of post-January production data. Board of Ness County Commr's v. Bankoff Oil Co., 265 Kan. 525, 542, 960 P.2d 1279 (1998).
2. BOTA's valuation adequately supported by evidence and not otherwise arbitrary, capricious or unreasonable; appraisal in violation of USPAS prohibited. In re Tax Appeal of Dillon Stores, 42 Kan. App. 2d 881, 221 P.3d 598 (2009).
3. Failure by COTA to adhere to practice standards may constitute a deviation from a prescribed procedure or an error of law. In re Tax Appeal of Brocato, 46 Kan. App. 2d 722, 234 P.3d 866 (2010).
In Re Tax Appeal of ANR Pipeline Co., 79 P.3d 751 (Kan. 2003). ““In addition, in K.S.A. 79-506, the legislature specifically adopted the Uniform Standards of Professional Appraisal Practice issued by the Appraisal Standards Board in effect on March 1, 1992.”
Saline Cnty. Bd. of Cnty. Commissioners v. Jensen, 88 P.3d 242 (Kan. Ct. App. 2004). “79-505 and K.S.A. 79-506 require that appraisal practice be governed by uniform standards, and until such time as specific standards are adopted for Kansas, the Uniform Standards of Professional Appraisal Practice (USPAP), issued by the Appraisal Standards Board, apply.”
In re Equalization of Target Corp., 410 P.3d 939 (Kan. Ct. App. 2017). “79-503a states: " 'Fair market value' means the amount in terms of money that a well informed buyer is justified in paying and a well informed seller is justified in accepting for property in an open and competitive market, assuming that the parties are acting without undue…”
In Re the Equalization Proceeding of the Amoco Prod. Co., 102 P.3d 1176 (Kan. Ct. App. 2004). “” The Kansas Legislature adopted the USPAP with the enactment of K.S.A. 79-506. Amoco maintains Cooper violated USPAP Standard 1, Standards Rule l-l(a),l-l(b), l-2(f), and Standards Rule 1-4(c), as provided below: “In developing a real property appraisal, an appraiser must…”
In Re the Equalization Appeal of Tallgrass Prairie Holdings, LLC, 333 P.3d 899 (Kan. Ct. App. 2014). “79-505; K.S.A. 79-506. The PVD’s Directive No. 92-006 further specifies that a county’s appraisal comply with the 1992 edition of US-PAP, Sections 2 and 6.”
Bd. of Cnty. Commissioners v. Bankoff Oil Co., 960 P.2d 1279 (Kan. 1998). “In addition, in K.S.A. 79-506, the legislature specifically adopted the Uniform Standards of Professional Appraisal Practice issued by the Appraisal Standards Board in effect on March 1, 1992.”
In Re Protests of hutchinson/dillon Stores, 221 P.3d 598 (Kan. Ct. App. 2009). “Although the County argues that Kubert’s recognition of the “divisible nature of the property” was critical to value, BOTA concluded that Kubert’s appraisal was a summation approach expressly prohibited by Uniform Standards of Professional Appraisal Practice (USPAP).”
In Re the Equalization Appeal of Kansas Star Casino, L.L.C., 362 P.3d 1109 (Kan. Ct. App. 2015). “” Standards Rule 1-4 requires appraisers to “collect, verify, and analyze all information necessary for credible assignment results.” Finally, Standards Rule 2-1 requires that appraisers report their findings and assumptions clearly and accurately in a manner not misleading.”
In Re the Equalization Appeal of Brocato, 277 P.3d 1135 (Kan. Ct. App. 2011). “77-621(c)(5); (iii) the agency action is based on a determination of fact, made or implied by the agency, that is not supported by evidence that is substantial when viewed in light of the record as a whole, K.”
In re Equalization Appeal of Kansas Star Casino (Kan. Ct. App. 2022). · cites it 2דK.S.A. 79-506(a). In addition, the ad valorem appraisal process must "conform to generally accepted appraisal procedures and standards which are consistent with the definition of fair market value unless otherwise specified by law.”
In re Equalization Appeal of City of Council Grove (Kan. Ct. App. 2026). · cites it 2דWhile the City acknowledges that both Keller and BOTA provided an explanation for their decisions, it claims the failure to consider the lease rent violates Kansas law.”
In re Equalization of Target Corp., 410 P.3d 939 (Kan. Ct. App. 2017). “79-503a states: " 'Fair market value' means the amount in terms of money that a well informed buyer is justified in paying and a well informed seller is justified in accepting for property in an open and competitive market, assuming that the parties are acting without undue…”
In re Equalization Appeal of Kansas Star Casino (Kan. Ct. App. 2022). “K.S.A. 79-506(a). In addition, the ad valorem appraisal process must "conform to generally accepted appraisal procedures and standards which are consistent with the definition of fair market value unless otherwise specified by law.”
In re Equalization Appeal of City of Council Grove (Kan. Ct. App. 2026). “While the City acknowledges that both Keller and BOTA provided an explanation for their decisions, it claims the failure to consider the lease rent violates Kansas law.”
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