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KS SB90
Bill
Status
1/28/2025
Primary Sponsor
Patrick Schmidt
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AI Summary
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Exempts the first $100,000 of appraised value from local government property taxes for owner-occupied primary residences, effective for tax years beginning after December 31, 2025
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Limits eligibility to homes with appraised values not exceeding $350,000 for tax year 2026, with the threshold adjusted annually for inflation based on average county appraisal increases thereafter
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Excludes mill levy portions attributable to bonds and indebtedness existing on July 1, 2025 from the exemption
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Allows local governments to opt out by placing a proposition on November general election ballots; a 2/3 vote fully excludes that government's levy from the exemption, while a simple majority (but less than 2/3) excludes half the exemption
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Defines "owner" broadly to include record title holders, land contract vendees, life tenants, trust beneficiaries, and joint tenants or tenants in common
Legislative Description
Providing for a property tax exemption from local government levies to the extent of the first $100,000 of appraised value for certain owner-occupied homes and authorizing local governments to propose a ballot question to opt out of such property tax exemption.
Last Action
Senate Referred to Committee on Assessment and Taxation
1/29/2025