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KS HB2011
Bill
Status
1/15/2025
Primary Sponsor
Taxation
Click for details
AI Summary
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Reduces the statewide school district property tax levy from 20 mills to 18.5 mills for the 2025-2026 school year
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Beginning in 2026-2027, the mill levy rate will be annually adjusted to generate the same total revenue as collected in 2025-2026, based on current assessed valuations
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Increases the residential property exemption from the statewide school levy from $75,000 to $100,000 of appraised value, effective for taxable year 2026
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Requires the director of the budget to certify annually the revenue impact of the exemption increase and mill rate decrease, with equivalent amounts transferred from the state general fund to the state school district finance fund
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Amends K.S.A. 2024 Supp. 72-5133a, 72-5142, and 79-201x, taking effect upon publication in the statute book
Legislative Description
Decreasing the rate of ad valorem tax imposed by a school district, increasing the extent of exemption for residential property from the statewide school levy and providing for certain transfers to the state school district finance fund.
Last Action
House Committee Report recommending bill be passed as amended by Committee on Taxation
2/12/2026