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Bill > HB2728
KS HB2728
KS HB2728Requiring that comparable sales of residential property occur within the subdivision or township or closest located subdivision or township where such property is located for valuing real property.
summary
Introduced
02/07/2024
02/07/2024
In Committee
02/07/2024
02/07/2024
Crossed Over
Passed
Dead
04/30/2024
04/30/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT concerning property taxation; relating to the valuation of real property; requiring that comparable residential sales occur within the subdivision or township or closest located subdivision or township where such property is located; amending K.S.A. 79-503a and repealing the existing section.
AI Summary
This bill amends Kansas statute 79-503a to require that when determining the fair market value of residential property for property tax purposes, any comparable sales used as a criteria must have occurred within the same subdivision or township, or the closest located subdivision or township, where the property is located. The bill repeals the existing section 79-503a and specifies that the act shall take effect upon publication in the statute book.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Taxation (House)
Last Action
House Died in Committee (on 04/30/2024)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://kslegislature.org/li/b2023_24/measures/hb2728/ | 02/07/2024 |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.org/li/b2023_24/measures/documents/fisc_note_hb2728_00_0000.pdf | 02/27/2024 |
| BillText | http://kslegislature.org/li/b2023_24/measures/documents/hb2728_00_0000.pdf | 02/07/2024 |
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