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Senate committee advances constitutional amendment to cap taxable-value growth at 3% with rollback to 2022 baseline
Summary
The Committee of the Whole amended and reported SCR 16-03, a constitutional amendment to limit annual taxable-value increases to 3% (or lower by statute) and to roll the taxable baseline back to 2022 for the 2026 tax year. An amendment to require voter approval for increases above inflation failed 8–21 after floor debate.
The Kansas Senate’s Committee of the Whole reported SCR 16-03 favorably after floor amendments that would cap annual taxable-value growth for real property at 3% (or a lower percentage provided by statute) and roll the valuation baseline to tax year 2022 for the 2026 tax year.
Senator Tyson, identified as the resolution’s carrier, described the measure as limiting annual increases in taxable valuations to 3% or the lower CPI-based rate if statute so provides. During committee consideration, Senator Alley offered an amendment to change the comparison date so that the 3% cap for tax year 2026 would be measured against tax-year 2022…
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