0403AgTaxsr.cfm Malatya Haber Agricultural land tax hike proposed
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Agricultural land tax hike proposed


According to the Kansas Livestock Association, a bill introduced recently in the Kansas Legislature would increase the statewide assessed valuation of agricultural land in Kansas by about $2.45 billion, or nearly 170 percent. SB 450 would significantly change the use-value calculations, including a repeal of allowing real estate taxes as an expense for calculating the landowner’s net income. It is estimated SB 450 would yield an additional $49 million for the state’s education budget, all of which would be generated by property tax increases on agricultural land. There would be an additional shift of local property taxes from residential and commercial property to agricultural landowners if SB 450 became law. KLA will continue to closely monitor and provide input on SB 450.

Date: 4/7/2014

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