Bill > HB2394

This bill establishes a new method for calculating property tax use value for residential, commercial, industrial, and mobile home properties in Kansas. Starting in tax year 2026, properties will initially be valued at their full fair market value, with the county clerk determining the tax use value. Over subsequent years, the tax use value will be calculated by taking an increasingly longer average of fair market values, beginning with an average of the current year and the previous year's value, and gradually expanding to include up to six years of previous fair market values. For properties with significant new construction or improvements that increase the appraised value by 50% or more, those specific improvements will be valued at full fair market value in the year they occur. The bill also modifies the existing property tax classification system, adjusting assessment rates for different types of properties such as residential, commercial, industrial, and mobile homes, while maintaining uniform and equal appraisal standards. The legislation aims to create a more gradual and predictable approach to property valuation for tax purposes, potentially providing more stability for property owners by smoothing out rapid market value fluctuations.

Budget and Finance

Taxation (H)

https://kslegislature.gov/li/b2025_26/measures/hb2394/