This bill amends K.S.A. 2025 Supp. 79-201x to increase the exemption from the statewide school levy for residential property. Specifically, it raises the exemption threshold from $75,000 to $125,000 of the appraised valuation for residential properties. The changes will take effect starting January 1, 2027, and the existing section of K.S.A. 2025 Supp. 79-201x will be repealed.

The bill aims to provide greater tax relief for homeowners by expanding the amount of residential property value that is exempt from property tax levied for school funding. This adjustment is intended to alleviate the financial burden on residents and support homeownership within the state.

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