Bill > SB319

This bill establishes a property tax rebate program for owners of certain residential, commercial, or industrial real property in Kansas that is sold for less than 97% of its county appraised value in a "qualifying sale," which is defined as a sale between unrelated, well-informed parties in an open market. To receive a rebate, the owner must apply to the county appraiser by December 20th of the year following the sale, and the rebate amount will be calculated based on the difference between the property taxes that would have been assessed at the appraised value and the taxes actually paid, limited to the tax year of the sale and the four preceding years. Eligibility requires the applicant to have been the owner of record through the sale date, and the property must have remained in substantially the same or better condition and not decreased in size or suffered destruction or severe neglect since the relevant valuation date (January 1st of the tax year for which the rebate is sought). The bill also specifies that any other property tax refunds or credits received for the property will be deducted from the rebate calculation, and if delinquent taxes are owed, the rebate will be applied to those first. Applications will be denied if the sale was intentionally manipulated to receive a rebate, and appeals of the county appraiser's decision can be made to the state board of tax appeals. This program will be effective for qualifying sales occurring on or after July 1, 2026.

Budget and Finance

Assessment and Taxation (Senate)

https://kslegislature.gov/li/b2025_26/measures/sb319/