Archive for Thursday, March 4, 2004

Small-town demand boosts Eudora’s valuation increase

March 4, 2004

Percentage-wise, Eudora's assessed valuation increased less in 2003 than in the previous year, but the percentage still put Eudora and other small Douglas County communities ahead of Lawrence's growth rate.
Eudora's preliminary assessed valuation, about $28.26 million, marked an 11.7 percent increase from the previous year, when Eudora saw a 14 percent increase from 2001 numbers.
Although Lawrence was understandably assessed higher, Douglas County Appraiser Marion Johnson said Eudora and other small communities in the county again saw a greater percentage increase than Lawrence for the same reason they did last year -- the demand for housing in small towns.
Johnson said about 5 and a half percent of that increase represented new construction in Eudora. Last year the city issued more than a hundred building permits for houses in 2003, compared with less than 70 the previous year.
Johnson said the county hadn't yet broken down the assessments to show how much was residential and how much was commercial, but in Eudora the numbers overwhelmingly represented residential real estate.
The county didn't yet have the appraisal value for USD 491, which includes areas outside Eudora city limits as well as property in Leavenworth and Johnson counties. Because the numbers were preliminary, Johnson said the county would wait for final numbers to break down such data.
Property owners have until 5 p.m. March 30 to appeal their appraisal. Property appraisals can be looked up online through www.douglas-county.com.

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