Requiring that comparable sales of residential property occur within the subdivision or township or the closest-located subdivision or township where such property is located for valuing real property.

HB 2079 changes how Kansas property taxes are calculated for residential homes. It requires tax assessors to use recent home sales exclusively from the same subdivision, township, or the closest nearby subdivision/township when determining a home's value for tax purposes. Previously, assessors could use sales data from broader areas within a city or county. This rule applies to all residential property valuations for ad valorem tax assessments across Kansas. The bill amends Kansas law to enforce this hyper-local sales comparison standard.