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Minutes for HCR5011 - Committee on Taxation
Short Title
Proposing to amend section 1 of article 11 of the constitution of the state of Kansas to provide that valuations of residential property shall be determined based on the lesser of the fair market value or the average fair market value of the residential portion.
Minutes Content for Thu, Feb 27, 2025
Adam Siebers provided an overview on HCR5011 that would amend Section 1 of Article 11 of the Kansas Constitution relating to property taxation. It is proposed under the resolution that the valuation of real property used for residential purposes would be determined based on the lesser of either the fair market value or the average fair market value. Of the residential portion, the Legislature would be able to establish the number of years to determine the average fair market value and further provide for valuation adjustments by law for new construction or improvements, changes in property use, property that is listed as escaped or admitted property and changes to the description of the land. The proposed amendment would be submitted to the electors November 5, 2025. Mr. Siebers stood for questions from Committee members.
Chairperson Smith provided graphs to the Committee explaining the impact of taxation on residential and commercial properties. (Attachment 24) (Attachment 25)
Chairperson Smith offered an amendment for HCR5011.
Adam Siebers provided an overview on the amendment for HCR5011 that would add real property used for commercial industrial purposes, which is defined as a subclass under the Kansas Constitution. Tangible personal property classified as mobile homes, which is defined subclass under the Kansas Constitution as subject to the ability to value property according to fair market value and the averaging provision of the constitution and the later statutory approval and requirements.
Chairperson Smith stated as to Representative Corbet's question, the amendment does include commercial properties and mobile homes that are classified as personal property and set up on a depreciation scheduled that is based off of the value which is included in the amendment.
Chairperson moved, seconded by Representative Hoheisel, to amend HCR5011. Motion passed. (Attachment 26)
Committee discussion ensued.
Representative Hoheisel moved, seconded by Representative Butler, the Committee recommend HCR5011 favorable for passage as amended. Motion passed.
