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KS SB332
Bill
Status
1/15/2026
Primary Sponsor
Assessment and Taxation
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AI Summary
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Third-party intermediary premiums, charges, commissions, or fees paid by a buyer to facilitate a real estate sale are excluded from the property's sale price for validation questionnaire and ad valorem property tax valuation purposes
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Excluded fees must be separately stated in writing and paid directly to the intermediary (such as an auctioneer or auction company), with no portion received by the seller
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Amends K.S.A. 79-1437d, which governs the real estate sales validation questionnaire designed by the Director of Property Valuation
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Senate Committee amendment expanded the original "auction premiums" language to cover all "third-party intermediary premiums, charges, commissions or fees"
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Takes effect upon publication in the statute book
Legislative Description
Excluding buyer's premiums from the sale price of property purchased at auction for real estate sales validation questionnaire and property tax valuation purposes.
Last Action
Senate Committee Report recommending bill be passed as amended by Committee on Assessment and Taxation
2/16/2026