Bill > HCR5011

This joint resolution proposes a constitutional amendment to limit property tax valuation increases for residential real property and mobile homes to 3% annually, beginning in tax year 2026. The proposed amendment would cap valuation increases at 3% (or a lesser percentage as determined by law) with specific exceptions, such as new construction, improvements, changes in property classification, property becoming newly taxable, correction of errors, or changes in legal description. The valuation limitation would remain in place even when property ownership changes, unless the legislature establishes exceptions. For tax year 2026, the valuation would be compared to the 2022 appraised value, with the final taxable appraised value being the lower of two calculations: the standard appraised value or the value calculated using the new limitation provisions. The resolution mandates that this amendment be submitted to Kansas voters at a special election on November 4, 2025, in conjunction with the general election, requiring approval by two-thirds of both legislative chambers to move forward. If approved by voters, the amendment would provide property owners with a mechanism to limit rapid increases in property tax valuations, potentially offering some protection against escalating property tax burdens.

Budget and Finance

Assessment and Taxation (S)

https://kslegislature.gov/li/b2025_26/measures/hcr5011/