Income Capitalization Rate and Effective Gross Inc

The Kansas Department of Revenue is seeking competitive proposals from qualified vendors to provide Income Capitalization Rate and Effective Gross Income Multiplier (EGIM) Analysis. The studies will be used by the Kansas Department of Revenue and Kansas county appraisers in the valuation of federally sponsored Affordable Housing projects within the State of Kansas. The vendor will consult with a working group consisting of Property Valuation Division (PVD) staff, industry representatives, and members of the Kansas County Appraisers Association (KCAA). The term of this contract will be for five years starting on July 1, 2026, through June 30, 2031. The key tasks include: • Income Capitalization Rate Analysis using traditional sales and affordable projects (if applicable) • Income Capitalization Rate Analysis using the Band of Investment method • Effective Gross Income Multiplier Analysis • Supporting sales and expense ratios for all sales used in the analysis The deliverables are due within 90 days after execution of contract award. The following are the key points to consider for this opportunity: • The contract term is five years • The vendor will work with a working group consisting of PVD staff, industry representatives, and KCAA members • The studies will be used for valuation of federally sponsored Affordable Housing projects • The vendor must provide Income Capitalization Rate and EGIM Analysis • The deliverables are due within 90 days after contract award