The Kansas House passed Thursday a property tax transparency bill approved in a hurry by the Senate within the first week of the 2021 legislative session. Senate Bill 13 would repeal the property tax lid on yearly mill levy increases and instead establish a “revenue-neutral rate” which adjusts the effective tax rate to account for increases in assessed property value. It also establishes a requirement of notice and public hearing for municipalities seeking to collect property taxes exceeding their revenue-neutral rate.
Source: Kansas Reflector
