Increasing the extent of property tax exemption for residential property from the statewide school levy.

SB 309 increases the property tax exemption for residential homes in Kansas from $75,000 to $150,000 of a home's appraised value, reducing the tax burden from the statewide school levy. This change directly affects Kansas homeowners whose properties are valued at or above $150,000, as it exempts the first $150,000 of their home's value from school property taxes. The bill amends existing tax law to apply this higher exemption starting in 2026 for all future taxable years. The change is limited to school levy taxes and does not affect other property tax obligations.