KS SCR1616

Proposes a constitutional amendment (CAP Amendment) to limit annual assessed value increases to 3% maximum for all real property subclasses and mobile homes used for residential purposes, effective January 1, 2027

Establishes tax year 2022 as the baseline for calculating the 3% cap, meaning 2027 assessed values cannot exceed 2022 values by more than 3% (or a lesser percentage set by law), unless exceptions apply

Exceptions to the 3% cap include: new construction or improvements, property class/subclass changes, loss of exemption status, first-time listing for taxation, error corrections, or legal description changes

Assessment value limitation benefits remain with the property when ownership is transferred, unless the legislature enacts specific exceptions

Requires two-thirds approval from both Senate and House, then submission to voters at a special election on August 4, 2026, held in conjunction with the primary election