Kansas HB2745 establishes a property tax relief fund and sets limits on property tax increases.

Kansas HB2745 creates the property tax relief fund to manage transfers from the state general fund to counties. It limits property tax increases by requiring governing bodies to obtain voter approval before exceeding the revenue neutral rate. The bill mandates public hearings and notifications to taxpayers regarding proposed tax increases. It also establishes the property tax limit, which restricts budget increases to certain percentages. The bill continues reimbursements from the taxpayer notification costs fund for five years.

Kansas HB2745 establishes a property tax relief fund and sets limits on property tax increases.

Kansas HB2745 creates the property tax relief fund to manage transfers from the state general fund to counties. It limits property tax increases by requiring governing bodies to obtain voter approval before exceeding the revenue neutral rate. The bill mandates public hearings and notifications to taxpayers regarding proposed tax increases. It also establishes the property tax limit, which restricts budget increases to certain percentages. The bill continues reimbursements from the taxpayer notification costs fund for five years.