Homesteading Tax Relief [View all]

On the choppin block.
Bumber...just retired and the xtra couple hundred off the property taxes was nice.

They are such bastards...

Kansas homeowners may have to pay more property taxes as part of a tax package being developed by the Kansas Legislature to close the state’s budget hole.

Sen. Les Donovan, R-Wichita, struggled Tuesday to get the Senate Tax Committee to craft a tax package to fill a projected budget hole of more than $420 million for next year.

One of the few items to win committee approval was a proposal to eliminate the homestead exemption.

Homeowners now are exempt from paying the state school mill levy on the first $20,000 of their residential property’s appraised value. Eliminating the exemption would mean that homeowners would pay an extra $46 in property tax. That would bring in an additional $45.2 million for next fiscal year to go toward school funding.

Read more here: http://www.kansas.com/news/politics-government/article20276244.html#storylink=cpy