An analysis prepared by Johnson County Appraiser Paul Welcome suggests that a total of nearly $133 million in property tax revenue currently being collected from commercial landowners would disappear if Kansas were to adopt a “dark store theory” approach to valuation.
The analysis was prepared as the state Board of Tax Appeals considers cases related to the valuation of Target stores in the state. The company has argued that the traditional appraisal approach over-values Target properties, and that an alternative method that would sharply reduce the company’s property tax burden should be used instead.
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