KS HB2278

Increases the residential property tax exemption from the statewide school levy from $75,000 to $110,000 of appraised valuation, effective for taxable year 2026 and thereafter

Beginning in taxable year 2027, the exemption amount will be automatically adjusted annually based on the average percentage change in statewide residential property valuation over the preceding 10 years

The annual adjustment cannot result in a decrease; the average percentage change cannot be less than zero

The Director of Property Valuation is responsible for calculating the annual adjustment and determining the exempt valuation amount each year

Takes effect January 1, 2026