Proposes to amend Kansas Constitution to limit annual property tax valuation increases for residential and mobile home properties.
This bill proposes an amendment to the Kansas Constitution to change how residential real property, commercial and industrial real property, and mobile homes personal property are valued for tax purposes. It would base these valuations on fair market value or average fair market value. The amendment would also allow the legislature to freeze property tax valuations for owner-occupied residential property of qualifying seniors.
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