KS HCR5025

Proposes a constitutional amendment to reduce the assessed valuation rate for residential real property from 11.5% to 9% of value, effective January 1, 2027

Applies to real property used for residential purposes, including multi-family residential property and land accommodating mobile or manufactured home communities

Requires two-thirds approval from both the Kansas House and Senate to place the amendment on the ballot

Submits the proposed constitutional amendment to Kansas voters at the November 2026 general election, unless a special election is called sooner

All other property tax assessment rates remain unchanged, including agricultural land (30%), commercial/industrial property (25%), and vacant lots (12%)