Kansas2026Passed Legislature
HB2079
Rules for Using Nearby Home Sales to Value Property
Last scannedAug 24, 2026, 9:52 AM
In one sentence
This bill requires that when appraisers use past home sales to determine property value, they must only look at homes sold in the same subdivision or township, or the closest-located one if necessary.
What it does
- Requires comparable residential sales used for valuation to occur within the same subdivision or township as the property being valued.
- Allows the use of sales from the closest-located subdivision or township if no sales exist in the immediate area.
- Defines fair market value based on what a well-informed buyer and seller would agree upon without pressure, assuming the sale happens on January 1.
- States that Section 1031 tax exchange transactions cannot be used as comparable sales for property valuation or to determine fair market value.
- Requires all appraisal processes for ad valorem taxes to follow generally accepted standards consistent with the definition of fair market value.
Who it affects
- Appraisers who determine the value of real estate
- Owners of residential properties subject to ad valorem taxes
Limits and unknowns
- The official status shows the bill passed both chambers but also lists a final action as 'Died in Committee,' which creates uncertainty about its current legal standing.
- The text does not specify how appraisers should handle situations where no sales exist even in the closest-located subdivision or township.
Plain language
Terms to know
- Fair market value
- The amount a well-informed buyer is justified in paying and a well-informed seller is justified in accepting for property in an open, competitive market without undue pressure.
- Comparable sales
- Recent prices of similar homes used to estimate the value of another home, which must be from within the same or closest subdivision or township.
- Section 1031 exchange
- A tax-deferred swap of investment properties that this bill excludes from being used as comparable sales for valuation purposes.
Official record
Sources
Official summary
Requiring that comparable sales of residential property occur within the subdivision or township or the closest-located subdivision or township where such property is located for valuing real property.
Official activity
Bill history
- Died in CommitteeHouse
- Referred to House Committee on TaxationHouse
- IntroducedHouse