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HCR5024: Proposing to amend section 1 of article 11 of the constitution of the state of Kansas to establish the taxable valuation of real property used for residential purposes based on the sales price for the year in which the property transferred ownership if the transfer was sold at fair market value or valued pursuant to law as fair market value in the year in which the transfer occurred for the current owner.
IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill proposes changing how residential property is valued for taxation purposes. It would base the value on the sales price of the property when it was sold to the current owner, if that sale was at fair market value.
Who This Affects
Homeowners who have recently purchased a home in Kansas may be affected by this change, as their property taxes could increase or decrease depending on the sale price of their home.
Key Provisions
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Timeline
Introduced
Sunday, February 1, 2026
Last Action
House Referred to Committee on Taxation
Feb 1, 2026
Sponsors
No sponsors listed.
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