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KS HB2631

KS HB2631
Increasing the extent of property tax exemption from the statewide school levy for residential property.


summary

Introduced
02/02/2026
In Committee
02/02/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT concerning property taxation; relating to exemptions; increasing the extent of exemption from the statewide school levy for residential property; amending K.S.A. 2025 Supp. 79-201x and repealing the existing section.

AI Summary

This bill, concerning property taxation in Kansas, proposes to increase the property tax exemption for residential property specifically from the statewide school levy, which is a tax collected statewide to fund public schools. Currently, this exemption is limited to $75,000 of a residential property's appraised valuation for the 2024 tax year and onwards. However, this bill would amend the law to raise that exemption to $125,000, starting with the 2027 tax year and continuing for all subsequent years. The bill also repeals the existing section of law that outlines the current exemption, effectively replacing it with the new, higher exemption amount.

Committee Categories

Budget and Finance

Sponsors (21)

Last Action

House Referred to Committee on Taxation (on 02/02/2026)

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