Proposing to amend section 1 of article 11 of the constitution...
Proposing to amend section 1 of article 11 of the constitution of the state of Kansas to value residential real property, commercial and industrial real property and mobile homes personal property based on the fair market value or average fair market value and providing that the legislature may provide by law for the freezing of property tax valuations for owner-occupied residential property of qualifying seniors.
This bill proposes to change the Kansas Constitution to make sure property taxes are based on the fair market value of properties. It includes residential homes, commercial and industrial buildings, and mobile homes. This change would help make property tax assessments more fair and accurate. The bill also allows the state legislature to freeze property tax values for certain senior citizens who own their homes. This freeze could help protect their property tax bills from rising too much.
The bill would affect all property owners in Kansas by ensuring their property tax assessments are fair. It would also benefit senior citizens who own their homes, providing them some protection from rising property taxes. The current status is that the bill has been referred and there have been some discussions and amendments made, but it is still being worked on.
Recent actions include the Senate and House making appointments to conference committees to work out differences between the two versions of the bill. The House did not adopt the Conference Committee Report, indicating disagreements that need to be resolved. The bill is still in the process of being reviewed and amended.