Budget & Taxes (Seniors)

This bill proposes to add a property tax exemption for seniors in Kansas, specifically targeting homeowners aged 60 or older who live in their primary residence. The key provision would exempt this residential property from all school district property tax levies, while other taxes on the property would remain unchanged. This change is designed to reduce the financial burden of school taxes on older Kansans without altering the overall property tax structure for other groups.

This bill proposes a constitutional amendment to create a property tax exemption for seniors in Kansas. It would exempt residential property owned and occupied by individuals aged 60 or older from all school district levies. The change applies to the state's property tax classification system and would take effect starting January 1, 2013. This measure directly affects elderly homeowners by reducing their annual school tax payments.

HB 2632 raises eligibility thresholds for Kansas seniors (65+) and disabled veterans to qualify for property tax refunds. It increases the household income limit from $50,000 to $75,000 and the homestead appraised value limit from $350,000 to $500,000 for tax years starting in 2026. The bill also adds an automatic cost-of-living adjustment to the income threshold each year. This change directly affects more Kansas residents aged 65+ or disabled veterans who previously earned too much or owned homes exceeding the old value limits.