Providing for a universal homestead exemption from ad valorem property taxation.

SB 489 creates a universal homestead exemption in Kansas, effective January 1, 2028, that exempts the first $10,000 of a property’s appraised value from all local property taxes for homeowners who occupy the property as their primary residence. It applies to all qualifying homesteads (dwelling + up to 160 acres) and requires new homeowners to submit a declaration at closing (by July 1, 2027) or file directly with the county appraiser, certifying the property is their sole primary residence. This exemption is in addition to existing benefits like the school finance levy exemption and homestead tax refunds. It directly affects Kansas homeowners by reducing their property tax burden without replacing other existing tax relief programs.