Excluding buyer's premiums from the sale price of property purchased at auction for real estate sales validation questionnaire and property tax valuation purposes.

SB 332 modifies Kansas property tax rules by excluding buyer's premiums paid to auctioneers (not sellers) from the sale price used for property tax valuation and the real estate sales validation questionnaire. This directly affects homeowners who purchase property at auction, as it prevents auction fees from increasing their taxable property value. The bill clarifies that premiums must be separately stated in writing and paid directly to the auction company, not the seller, to qualify for exclusion. This change ensures auction purchase prices reflect only the actual property cost for tax assessment purposes, without including additional buyer fees. The law takes effect upon publication in the statute book.