Kansas HB2474 mandates a review or audit of public utility property valuations if they decrease by over 5%.

Kansas HB2474 requires the director of property valuation to conduct a review or audit of the appraisal and apportionment of the valuation of any public utility's property if its total appraised value in the state decreases by more than 5% compared to the prior tax year. The findings of any review or audit must be posted on the division of property valuation's website and made available for public inspection. This bill amends K.S.A. 79-5a02 and repeals the existing section.

Kansas HB2474 mandates a review or audit of public utility property valuations if they decrease by over 5%.

Kansas HB2474 requires the director of property valuation to conduct a review or audit of the appraisal and apportionment of the valuation of any public utility's property if its total appraised value in the state decreases by more than 5% compared to the prior tax year. The findings of any review or audit must be posted on the division of property valuation's website and made available for public inspection. This bill amends K.S.A. 79-5a02 and repeals the existing section.