Proposing to amend section 1 of article 11 of the constitution of the state of Kansas to establish the taxable valuation of real property used for residential purposes based on the sales price for the year in which the property transferred ownership if the transfer was sold at fair market value or valued pursuant to law as fair market value in the year in which the transfer occurred for the current owner.

Summary

The resolution would change how Kansas assesses residential real‑property taxes, using the sales price from the year the property changed hands (if sold at fair market value). It also sets specific assessment percentages for various property classes, including a 1.5% rate for residential real estate. The measure failed in committee and never reached the ballot.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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