Kansas HB2011 decreases the ad valorem tax rate for school districts and increases residential property exemptions from the statewide school levy.
Kansas HB2011 amends the ad valorem tax rate for school districts, setting it at 18.5 mills for the 2023-2024 and 2024-2025 school years, and adjusting it annually thereafter. The bill also increases the exemption for residential property from the statewide school levy. The tax revenue generated will be used to finance the general fund budget of school districts, support public school operations, and partially fund redevelopment projects in certain districts. The tax proceeds are to be deposited into the state school district finance fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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