Requiring the director of property valuation to conduct a review or audit of the appraisal and apportionment of the valuation of the property of any public utility when the total appraised value of property of such public utility in this state decreased more than 5% and a governmental body requests such review or audit.

HB 2496 requires Kansas' director of property valuation to review or audit a public utility's property value assessment when the utility's total appraised value in the state drops more than 5% compared to the previous tax year. This review must occur only if requested by a local government (like a county or city) that levies property taxes on the utility's assets. The bill specifically targets public utilities subject to property taxation, ensuring their valuation is re-examined during significant declines to maintain accurate tax bases. It modifies existing law to establish this trigger and process, focusing on transparency in property tax assessments.