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State of Kansas Sam Brownback, GovernorDepartment of Revenue Samuel M. Williams, SecretaryDivision of Property Valuation David N. Harper, Director2018 Personal Property Summary Bell Bldg., 300 SW
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How to fill out division of property valuation

01
To fill out the division of property valuation, follow these steps:
02
Gather all relevant information about the property: Its address, size, condition, and any improvements or renovations that have been made.
03
Determine the current market value of the property. This can be done by consulting with a real estate agent or appraiser, or by researching recent sales of similar properties in the area.
04
Identify any outstanding mortgages or liens on the property. These should be taken into account when calculating the property's value.
05
Determine the fair market value of any other assets or investments that are being divided, such as stocks, bonds, or retirement accounts.
06
Calculate the percentage of ownership or interest each party has in the property or assets being divided.
07
Allocate the value of the property or assets based on the ownership percentages. This may involve transferring ownership or paying compensation to achieve an equitable distribution.
08
Document the division of property valuation in a legally binding agreement, such as a divorce settlement or partnership dissolution agreement.
09
Consider consulting with a legal professional or financial advisor for guidance and assistance throughout the process.

Who needs division of property valuation?

01
Division of property valuation is needed in various situations, including:
02
- Divorce or separation: When a married couple is getting divorced or legally separated, the division of property is necessary to determine how assets should be allocated between the parties.
03
- Business dissolution: When partners or shareholders decide to dissolve a business, the value of the company's assets needs to be assessed and divided among the owners.
04
- Inheritance: When an individual passes away and leaves behind property or assets, the division of property valuation is used to determine how those assets should be distributed among the heirs.
05
- Dispute resolution: In cases of legal disputes or litigation involving property, a division of property valuation may be required to settle the matter fairly.
06
- Financial planning: Individuals or couples who are planning their financial future may need a division of property valuation to determine their net worth and make informed decisions.
07
Overall, anyone involved in a situation where the fair distribution of property or assets is necessary can benefit from a division of property valuation.
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Division of property valuation is the process of determining the assessed value of a property that is being divided among multiple owners.
The owners of a property that is being divided among multiple owners are required to file division of property valuation.
To fill out division of property valuation, owners must provide detailed information about the property, its assessed value, and how it will be divided among the owners.
The purpose of division of property valuation is to ensure that each owner receives a fair share of the property based on its assessed value.
Owners must report details about the property, its assessed value, the percentage of ownership for each owner, and how the property will be divided.
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