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KS HB2745
Bill
Status
2/25/2026
Primary Sponsor
Assessment and Taxation
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AI Summary
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Establishes a property tax limit capping annual property tax revenue increases at 3% plus revenue from new construction, renovations, annexed territory, and properties returning to tax rolls after abatements or TIF district expirations
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Requires taxing jurisdictions exceeding the property tax limit to publish a resolution in a newspaper; electors can file a protest petition within 30 days, and if 10% of qualified electors sign, the budget reverts to the capped amount
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Creates a Property Tax Relief Fund with $60,000,000 transferred annually from the state general fund starting July 15, increasing 2% each subsequent year
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Distributes fund moneys to eligible taxing jurisdictions (excluding school districts) based on formula: 20% equally among counties, 40% by population, 40% by assessed valuation—jurisdictions attempting to exceed the property tax limit are ineligible
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Replaces the existing "revenue neutral rate" system with the new "property tax limit" framework and requires initial budget adoption by August 15 with all protest-related actions completed by October 1
Legislative Description
Senate Substitute for HB 2745 by Committee on Assessment and Taxation - Providing a protest petition to contest certain increases in property tax revenues and continuing reimbursements from the taxpayer notification costs fund for an additional five years.
Last Action
Senate Withdrawn from Calendar, Rereferred to Committee on Assessment and Taxation
3/13/2026