Proposing to amend section 1 of article 11 of the constitution of the state of Kansas to value residential real property, commercial and industrial real property and mobile homes personal property based on the fair market value or average fair market value and providing that the legislature may provide by law for the freezing of property tax valuations for owner-occupied residential property of qualifying seniors.

The effective date for the new property tax valuation rules was changed from January 1, 2026, to January 1, 2027, delaying the implementation of the changes by one year.

The text was revised to explicitly list the types of property covered by the valuation cap (residential, commercial/industrial, and mobile homes) and to specify that the cap is based on fair market value.

The effective date for the property tax valuation limits was changed from January 1, 2013 to January 1, 2026.

A new rule was added stating that for the 2026 tax year, property value increases are limited by comparing the new value to the 2022 appraised value, not the 2025 value.

The bill header was updated to indicate it was amended by the Senate Committee of the Whole instead of just the Senate Committee.

Added a specific provision stating that the benefits of the valuation limitation remain in place whenever title to the property is transferred, changed, or conveyed to another person or entity, unless the legislature explicitly creates exceptions.

Updated the effective date for the new tax provisions from January 1, 2013, to January 1, 2026.

Reformatted the list of exceptions to the tax increase cap to ensure consistent punctuation and flow.