University Daily Kansan / Friday, October 27, 1989
5
Developers seek property tax revisions
By Derek Schmidt Kansan staff writer
TOPEKA — Kansas development will stagnate unless the Legislature revises its methods of taxing some property, development advocates said yesterday.
Representatives of the Kansas Homebuilders Association said that the reappraisal of property for tax purposes, mandated by the 1985 Legislature and still under way, had caused the cost of some new construction projects to skyrocket. They urged the Special Committee on Assessment and Taxation to endorse revisions of the property tax system.
David Craig, an appraiser who operates offices in Topeka and Overland Park, said that the taxes paid by developers had gone from deficient
to excessive.
"They have been too low before." Craig said. "They certainly are going to be too high this time."
Craig said that he could not estimate the average tax increase for developers but said that it was steep.
"I think they went up and they went up significantly in some areas," he said. "They certainly are high." "And they still walk rather than pay the taxes."
Tom Savage, an appraiser from the Wichita property tax consulting firm Savage, Savage and Brown, said many developers would default on their property loans rather than hold onto the land and pay taxes that, accumulated over a few years, could exceed the value of the property.
"You're going to wind up with all the lots being held by the financiers,"
Calculating the value of vacant lots is a key reform the Legislature should consider, Savage said. Under current law, contiguous lots are treated as one property for tax pur-
he said.
67
You're going to wind up with all the lots being held by the financiers.
Tom Savage
Tom savage
Wichita property tax appraiser
poses. Thus, he said, if a developer owns 30 acres of farmland that is subdivided into lots and he builds one house on it, all the lots would then be taxed at the rate of developed property.
State Sen. James Francisco, D-
Mulvane, said the increased tax burden probably would drive some developers out of Kansas.
Savage said, "it's certainly going to run a lot of them out of business."
to run a lot of them out of business.
The impact of reappraisal varies by county because each county has some leeway to determine its own method of calculating the value of property, Savage said.
State Sen. Phil Martin, D-Pittsburg, an appraiser by profession, said the PVD study probably was not accurate.
Staff members of the state Property Valuation Division are compiling county statistics about the impact of reapraisal.
"There is disagreement as to what those numbers are," Martin said. "And to me, this is as rosy a picture as you can paint."
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