There are no exceptions or loopholes in Kansas law. Local officials must officially vote for a property tax increase if they wish.
Iowa taxpayers will save hundreds of millions over time, just like Utah taxpayers.
According to the Lincoln Institute of Land Policy, the owner of a commercial property in Des Moines valued at $ 1 million pays about $ 41,000 in property taxes; that same property in Salt Lake City pays only $ 14,000. The owner of a $ 150,000 house in countryside Hampton pays over $ 2,800, but that same house in countryside Utah pays just over $ 1,000.
Too often, local governments claim a windfall from increased assessments, and the taxpayer wonders why their tax bill is higher. When asked, local government officials argue that they are not to blame for not raising property tax rates. Too often, the blame is passed on to assessors and the real culprit for raising property taxes is spending by local governments. The truth in taxation corrects the “honesty gap” and forces local governments to justify why they have to raise taxes for higher spending.
Before the passage of Truth-in-Taxation, Kansas had a property tax “cover,” which aimed to control spending and tax increases, but too many budget lines were exempt, which made it without consequence. The new law now prohibits indirect increases in assessment and allows no exceptions or loopholes. It even includes new growth.