Kansas HCR5011 proposes to amend the state constitution to limit property tax valuation increases for residential real property and mobile homes.
Kansas HCR5011 proposes an amendment to the state constitution to change how residential real property and mobile homes are valued for property tax purposes. The amendment would value these properties based on the lesser of the fair market value or the average fair market value of the residential portion. It also authorizes the legislature to establish the number of years in determining the average fair market value and provide valuation adjustments for new construction or improvements, changes in property use, and other circumstances.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.