The following message with the Governor's objection to HB 3023, An act relating to property taxation; concerning the determination of fair market value; amending K.S.A. 79-503a and repealing the existing section, was received and read.

Message to the House of Representatives of the State of Kansas:

Pursuant to Article 2, Section 14 of the Constitution of the State of Kansas, I am vetoing HB 3023. HB 3023 modifies the term "fair market value." Under this bill, when a builder pays the special assessment before selling developed property to the buyer, it becomes part of the selling price and the fair market value includes the special assessment when appraisal is done. If a builder passes the special assessment on to the buyer, it is not included in the fair market value and the appraiser is not allowed to consider it as part of the fair market value. I veto HB 3023 because it creates a situation in which two pieces of identical property are given different fair market values dependent upon the timing of payment.

BILL GRAVES
Governor

Dated: May 17, 2002