As rising property values bring higher taxes for Kansas homeowners, top Republican lawmakers plan to make a proposed constitutional amendment a top priority. The idea on the table is to limit property valuation increases to a maximum of 4% per year, unless there is a market transaction. But there is no guarantee that limiting assessment growth would result in lower property taxes. That’s because local governments could still raise the mill levy to bring in the same amount of tax. And for those who do benefit, it would likely be because the tax burden is shifted onto others. “It does not in any way limit the growth of local property tax revenues,” said Edward Penner, of the Kansas Legislative Research Department.
Source: CJonline
