Posted on Jul 13, 2023
Corporations are buying up Kansas City homes, and it's making things more expensive for everyone
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This is the second time in five years that property owners in Jackson County have seen dramatic leaps in the county’s assessment of their home’s value. One big reason is that more out-of-state investors are purchasing Kansas City homes to flip them or rent them out — shrinking the supply and increasing prices.
The arrival of Jackson County’s latest round of property tax assessments has once again sent homeowners into a frenzy.
At coffee shops and in online forums, neighbors are nervously chatting about dramatic increases they’ve seen, and passing along contact information for real estate agents to help with appeals.
Confronted with a rush of inquiries and protests, the Jackson County Board of Equalization has extended the deadline for property owners to appeal their assessments until July 31, with long wait times continuing to plague the understaffed assessment department.
The arrival of Jackson County’s latest round of property tax assessments has once again sent homeowners into a frenzy.
At coffee shops and in online forums, neighbors are nervously chatting about dramatic increases they’ve seen, and passing along contact information for real estate agents to help with appeals.
Confronted with a rush of inquiries and protests, the Jackson County Board of Equalization has extended the deadline for property owners to appeal their assessments until July 31, with long wait times continuing to plague the understaffed assessment department.
Corporations are buying up Kansas City homes, and it's making things more expensive for everyone
Posted from kcur.org
Kansas City
Home
Housing
Taxes
Posted >1 y ago
Responses: 2
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When times are tough, the rich get richer. When times are good everyone gets richer. Follow the money
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PO1 William "Chip" Nagel We just had a reassessment of our property. My house property value allegedly doubled in the last five years. Housing here is gone through the roof to where I don't even understand how a young couple could possible afford to buy a home. Of course this is forcing them to rent from these corporations that are sweeping up property here. But that's what these corporations want; for people not to be able to buy but pay into a bottomless pit of rent for the rest of their lives and raise the rent every year stopping them from being able to save for a down payment.
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