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

Summary

SB 217 proposes to increase the amount of a residential property's appraised value that is exempt from Kansas's statewide school property tax levy, raising the exemption from $75,000 to $125,000. The change would apply to tax years 2024, 2025 and all future years, reducing the tax burden on homeowners. The measure did not pass and died in committee.

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