Vote Smart's Synopsis:

Vote to pass a bill that limits the property tax revenue increases for jurisdictions based on the previous year, inflation, new constructions, and certain bond payments in Kansas.

Highlights:

• Establishes guidelines for property taxes and appraisals (Sec. 1-4).

• Limits the property tax revenue increases for jurisdictions based on the previous year, inflation, new constructions, and certain bond payments in Kansas (Sec. 1-4).

• Establishes an ASTRA Fund to provide payments to cities and counties that comply with the funding limit (Sec. 1-4).

• Rescinds the revenue-neutral rate provisions and gives voters the ability to protest budgets exceeding the limit (Sec. 1-4).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor and publication in the state statute book (Sec. 7).

Full Bill Text