In an era of ever-increasing cost of living, the Kansas Legislature is focusing on property tax relief in the upcoming session on Monday. One constitutional amendment in particular will be up for discussion. The Cap Assessed Value Protection Amendment Bill affects the assessed value of your home. Assessed value is what property taxes are based on. If the bill passes, that value would not be allowed to increase more than 3% each year. Assessed value is not the same as appraised value. Appraised value is a fair market share set by a county appraiser. Around 11% of that number is assessed value.
Read more: KSN-TV
