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SB332: Excluding buyer's premiums from the sale price of property purchased at auction for real estate sales validation questionnaire and property tax valuation purposes.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill would allow buyer's premiums to be excluded from the sale price of property purchased at auction when reporting sales for real estate and property tax purposes.
Who This Affects
Homebuyers who purchase properties at auctions in Kansas will benefit from this change, as it could reduce their reported sale prices and potentially lower their property taxes.
Key Provisions
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Timeline
Introduced
Wednesday, January 14, 2026
Last Action
Senate Committee Report recommending bill be passed as amended by Committee on Assessment and Taxation
Feb 15, 2026
Sponsors
No sponsors listed.
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