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April 15, 2022Topeka, Kan. | By: AP
TOPEKA, Kan. (AP) - Gov. Laura Kelly has signed a measure into law to give Kansas home and apartment-building owners a small property tax break.
She signed the legislation Thursday, and it includes a grab-bag of changes expected to cut taxes by $310 million over the next three years.
About $134 million of the savings would go to owners of residential property. The state imposes a property tax to help fund public schools but exempts the first $20,000 from the levy.
The measure Kelly signed increases that exemption to $40,000, saving the owners of any residential property worth that much or more $46 a year.
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