Bill > HB2278

This bill increases the property tax exemption for residential property from the statewide school levy (K.S.A. 72-5142), raising the exempt appraised valuation from $75,000 to $110,000 starting in taxable year 2026. Additionally, the bill introduces a mechanism for automatically adjusting the exemption amount annually beginning in taxable year 2027, where the director of property valuation will calculate an adjustment based on the average percentage change in statewide residential property valuation over the preceding 10 years, with the stipulation that the adjustment cannot be less than zero. This means homeowners will receive a larger tax break on their school property taxes, with the exemption amount potentially increasing each year to reflect changes in residential property values. The bill will take effect on January 1, 2026, and will be published in the statute book, providing property owners with a more substantial reduction in their school property tax burden.

Budget and Finance

https://kslegislature.gov/li/b2025_26/measures/hb2278/