Decreases assessed valuation for residential real property from 11 1/2% to 9%.
Amends the Kansas constitution to lower the assessed valuation for residential real property from 11 1/2% to 9%. This change affects property taxes for homes and properties designated for residential use. The amendment requires approval by two-thirds of the state legislature and a vote by the public. If approved, it will take effect January 1, 2027.
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