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HB2079: Requiring that comparable sales of residential property occur within the subdivision or township or the closest-located subdivision or township where such property is located for valuing real property.
IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill requires that when valuing residential property for tax purposes, comparable sales must come from within the same subdivision or township where the property is located. If there isn't a comparable sale in that area, then the closest-located subdivision or township can be used.
Who This Affects
Homeowners and buyers of residential properties in Kansas will be affected by this bill, as it changes how their properties are valued for tax purposes.
Key Provisions
• Requires comparable sales to come from within the same subdivision or township where the property is located
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Timeline
Introduced
Wednesday, January 22, 2025
Last Action
House Referred to Committee on Taxation
Jan 22, 2025
Sponsors
No sponsors listed.
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