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Session of 2000
          SENATE BILL No. 395           By Senator Tyson           1-7          

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10             AN  ACT relating to property taxation; providing a uniform basis of val-
11             uation therefor.
12      
13       Be it enacted by the Legislature of the State of Kansas:
14             Section  1. (a) Notwithstanding any other provision of law to the con-
15       trary, for all taxable years commencing after December 31, 1999, the
16       uniform basis of valuation required by section 1 of article 11 of the Kansas
17       constitution for utilization for property tax purposes for all property sub-
18       ject to taxation shall be the fair market value, as defined by K.S.A. 79-
19       503a, and amendments thereto, determined, or as if determined, for
20       property tax year 2000.
21             (b) In order to provide for statewide uniformity in the determination
22       of fair market value for property, improved property and improvements
23       to property initially appraised after property tax year 2000, the director
24       of property valuation shall devise and adopt by rule and regulation a
25       methodology for use by county and district appraisers in the determina-
26       tion of fair market value for such property and improvements as if de-
27       termined for property tax year 2000.
28        Sec.  2. This act shall take effect and be in force from and after its
29       publication in the statute book.