KS HB2795

Reduces the school district ad valorem property tax rate from 20 mills to 15 mills over a five-year period, beginning in school year 2027-2028

Maintains the current 20 mill rate for school year 2026-2027, then decreases by 1 mill annually: 19 mills (2027-2028), 18 mills (2028-2029), 17 mills (2029-2030), 16 mills (2030-2031), and 15 mills (2031-2032 and thereafter)

Amends K.S.A. 2025 Supp. 72-5142, which governs school district property tax levies used to finance general fund budgets and public school operations

Tax proceeds continue to be remitted to the state treasurer and deposited into the state school district finance fund

Takes effect upon publication in the statute book