This bill amends the Kansas property tax law to increase the exemption for residential properties from the statewide school levy. Specifically, it raises the exemption amount from $75,000 to $125,000 of the appraised valuation for taxable years 2025 and beyond. The bill also repeals the existing section of K.S.A. 2024 Supp. 79-201x, which previously outlined the exemption provisions.

The changes aim to provide greater financial relief to homeowners by allowing a larger portion of their property value to be exempt from taxation. This adjustment reflects a legislative effort to support residential property owners and enhance affordability in the housing market. The act will take effect upon its publication in the statute book.

Statutes affected:
As introduced: 79-201x, 72-5142