Taxation – KLRD

Disabled Veterans Property Tax Relief

Disabled veterans are currently entitled to residential property tax relief measures in all 50 states; however, the qualifications and scope of relief vary greatly from state to state. Note: All provisions discussed in this article refer to the primary residence of a disabled veteran. Veterans Administration Disability Ratings Typically, state or local laws require aContinue reading “Disabled Veterans Property Tax Relief”

Residential Property Tax Relief Programs

Kansas has had some form of property tax relief program for certain residential property since 1970, when the Homestead Property Tax Relief Act was enacted. Today, Kansas has three such programs, each differing in their recipients and benefits. This article summarizes the key elements of Kansas’ Homestead Property Tax Refund Act, Selective Assistance for EffectiveContinue reading “Residential Property Tax Relief Programs”

Approaches to Property Tax Limits

Property tax relief is commonly sought through targeted policies intended to reduce the tax burden for individual taxpayers, such as exemptions for fixed- or lower-income individuals. Other policies aim to provide more broad-based property tax relief by limiting the growth of the components used to determine the amount of tax paid. Approaches to tax reliefContinue reading “Approaches to Property Tax Limits”

Features of State Individual Income Taxes

Of the 50 states and the District of Columbia, 42 apply a broad-based individual income tax. However, the various features of the individual income taxes vary by state. A brief summary of the tax rates, number of brackets, expanse of brackets, and minimum income exempted from taxation follows. Tax Rates The rates at which incomeContinue reading “Features of State Individual Income Taxes”

Residential Property Tax Relief Programs in Kansas

Historically, Kansas has implemented residential property tax relief programs to help low-income, senior, and disabled veteran taxpayers. This article reviews the three programs currently available. Property Tax Relief Program Overview The method to determine income amounts for property tax relief programs are provided for in statute. The house valuation limits are fixed. When calculating aContinue reading “Residential Property Tax Relief Programs in Kansas”