Governor Celebrates Property Tax Cuts for Kansas Residential Properties with Ceremonial Bill Signing
TOPEKA — Governor Laura Kelly ceremoniously signed legislation at a Topeka home on Wednesday to celebrate the bipartisan passage of Bill 2239, which cuts property taxes. It provides additional tax relief to Kansas veterans and seniors through property tax refunds and gives tax credits to teachers who buy school supplies out of their own pocket.
“I know inflation is hurting everyone’s wallet and the costs are going up,” Governor Laura Kelly said. “So today we are celebrating a bipartisan tax cut for families to put money back in the pockets of Kansans. Families will now have more money to buy food, school supplies or pay for school fees. bills – every little bit counts. We will continue to make fiscally responsible decisions to provide relief to Kansans across the state.”
“It has always been a dream of mine to make it easier for seniors on fixed incomes and veterans with disabilities to stay in their homes.” Senator Tom Holland, a ranking minority member on the Senate Committee on Assessment and Taxation, said. “Seniors and veterans have contributed so much to our communities, our state, and our country, and this bill gives everyone another reason to live out their golden years in their home right here in Kansas.”
“I was proud to work with lawmakers from both parties on legislation that provides needed tax relief for homeowners and encourages growth and reinvestment in two of our largest industries, agriculture and aviation,” said Rep. Adam Smith, chairman of the House Taxation Committee, mentioned. “The investments and tax credits we are making this year are designed to promote economic growth across the state for many years to come while keeping property taxes low for homeowners.”
Residential property taxes up to the first $40,000 of assessed value will be exempt. This property tax reduction will save Kansans more than $133.5 million in residential property taxes and will apply to more than one million properties statewide.
In addition, HB 2239 is offering Kansans over the age of 65, surviving spouses, or disabled veterans a new property tax refund program beginning with the 2022 tax year. This program will refund in based on changes in property tax rates. Property tax relief was highlighted in the final report presented by the Governor’s Council on Tax Reform, which examined a comprehensive approach to balancing sales, income and property taxes to make Kansas a more attractive place to live and work.