“That’s going to be a big concern,” County Clerk Donna Zimmerman said. “It is going to be a big deal.” In a nutshell, SB 13 prohibits all taxing entities from increasing their tax collections by more than they did the year previous. This means, if an entity’s valuation (the total value of all property) goes up, the mill rate would have to go down to collect the same amount of taxes. In addition, it establishes a requirement of notices to taxpayers and public hearing for municipalities seeking to collect property taxes exceeding their revenue-neutral rate. This supplants the property tax lid put in place by the legislature in 2016. This, among other things, imposed a restriction on the amount that municipal property tax levies could rise.
Source: Great Bend Tribune
