KS SB489

Beginning January 1, 2028, the first $10,000 of appraised valuation of any owner-occupied primary residence is exempt from all ad valorem property taxes levied by counties, cities, townships, school districts, and other taxing subdivisions

School districts receive state general fund reimbursement for lost revenue from the exemption; counties, cities, and other non-school taxing subdivisions do not receive reimbursement and must absorb the cost

Homeowners must certify under penalty of perjury that the property is their primary residence and that they do not claim similar exemptions in Kansas or other states; false statements carry civil penalties of 25-50% of avoided taxes plus potential perjury prosecution

Starting January 1, 2030, the exemption amount adjusts every two years based on changes in statewide average residential property values, rounded to the nearest $500 with a floor of $10,000

Closing agents must present homestead exemption declaration forms to buyers at real estate closings beginning July 1, 2027, and transmit signed forms to county appraisers within 14 days