Kansas SB488 proposes the phased elimination of property taxes and establishes a sales surcharge to replace lost revenue.
Kansas SB488, known as the Kansas property tax freedom act of 2026, aims to phase out property taxes by 2028. It introduces a Kansas fair share purchase surcharge on retail purchases to replace lost property tax revenue. The surcharge is 1.60 per transaction for purchases over $20 and 7.6% for those under $20. Revenue from the surcharge is distributed to school districts, counties, cities, and the state general fund. The act also establishes a property tax freedom reserve fund, which may provide rebates to qualified Kansas resident individual taxpayers if the fund exceeds $500,000,000.
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- Legal Framework
- Critical Issues
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