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KS HCR5024
Concurrent Resolution
Status
2/2/2026
Primary Sponsor
Taxation
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AI Summary
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Proposes amending the Kansas Constitution to base residential property tax valuations on the purchase price at the time of ownership transfer, rather than current market value assessments
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Applies to all residential real property including single-family homes, multi-family properties, and land for mobile/manufactured home communities (subclass 1 of class 1, assessed at 11.5%)
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Requires two-thirds approval from both the Kansas House and Senate to place the amendment on the ballot
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Amendment would be submitted to Kansas voters at the November 2026 general election, unless a special election is called earlier
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If approved, the new valuation system would take effect January 1, 2027, replacing the current system in place since 2013
Legislative Description
Proposing to amend section 1 of article 11 of the constitution of the state of Kansas to establish the taxable valuation of real property used for residential purposes based on the sales price for the year in which the property transferred ownership if the transfer was sold at fair market value or valued pursuant to law as fair market value in the year in which the transfer occurred for the current owner.
Last Action
House Referred to Committee on Taxation
2/2/2026