Kansas Senate Passes Property Valuation Cap
Lawrence News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Kansas Senate passes a resolution to cap property valuation increases at three percent, aiming for a constitutional amendment. The measure, if approved, would apply to real estate assessed values, excluding new construction or improvements. Opponents warn it may not cut property taxes, while proponents argue its crucial relief for those on fixed incomes and facing sharp valuation jumps. The resolution now heads to the House, potentially landing on the August fourth special election ballot for voters consideration.
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