KS HB2408

Amends K.S.A. 79-503a to add restrictions on real estate located on leased ground owned by a county-recognized community land trust as a factor in determining fair market value for property tax purposes

Requires county appraisers to consider community land trust ground lease restrictions when valuing properties, potentially resulting in lower assessed values for homes on land trust property

Requested by Habitat for Humanity of the Northern Flint Hills to address property tax valuations for affordable housing built on community land trust land

Takes effect upon publication in the statute book