Governor Kelly signed legislation this week for the bipartisan passage of House Bill 2239, which cuts property taxes. It provides additional tax relief for Kansas veterans and the elderly through property tax refunds and gives tax credits to teachers who purchase school supplies out of their own pockets.
“I know inflation is hurting everyone’s wallet, and costs are going up,” Governor Laura Kelly said. “…We’ll continue to make fiscally responsible decisions to provide relief to Kansans across the state.”
Residential property taxes for up to the first $40,000 of assessed value will be exempt. This property tax cut will save Kansans more than $133.5 million in residential property taxes and apply to more than one million properties across the state.
In addition, HB 2239 provides Kansans 65-plus years of age, surviving spouses, or disabled veterans a new Homestead Property Tax refund program beginning the 2022 tax year. This program will refund based on the change in property tax rates. Property tax relief was highlighted in the final report presented by the Governor’s Council on Tax Reform which looked at a broad approach to balancing sales, income, and property taxes to make Kansas a more attractive place to live and work.
More information about HB 2239 can be found here.
