Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Kansas panel hears bill to exclude auction buyer's premiums from sale price for property tax valuation
Summary
A Senate committee heard Senate Bill 332, which would amend KSA 79-14-37(d) to exclude buyer-paid auction premiums (separately stated and paid by the buyer and not received by the seller) from the sale price used on the real estate sales validation questionnaire and for property valuation.
A Kansas Senate committee on Assessment and Taxation on March 20 heard testimony on Senate Bill 332, a measure to exclude buyer-paid auction premiums from the reported sale price used to value property for tax purposes. Amelia, the legislative reviser who presented the bill, told the committee the change would amend KSA 79-14-37(d) to treat auction premiums or fees that are separately stated and paid by the buyer — and not received by the seller — as excluded from the ‘‘total sale price’’ on the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
