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Archive for Saturday, October 28, 2006

Barnett proposes home-value freeze

October 28, 2006

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— To keep seniors from paying higher property taxes, counties would be prohibited from increasing the assessed values of their homes under a plan outlined Friday by Republican gubernatorial candidate Jim Barnett.

However, a Democratic legislator questioned whether the plan would lead to higher taxes for businesses and other homeowners.

Barnett is proposing a constitutional amendment to freeze a home's assessed value for tax purposes once its owner turns 65.

The value would remain frozen until the home is sold or transferred.

An amendment requires approval by two-thirds of both legislative chambers and a majority of voters but is necessary because the constitution requires residential and business property to be taxed based on its fair market value, which fluctuates from year to year.

Barnett, an Emporia physician and state senator hoping to unseat Democratic Gov. Kathleen Sebelius, outlined his plan 11 days before the Nov. 7 general election. He has already proposed income and estate tax cuts to stimulate the economy but said he decided to offer a property tax plan because of his conversations with voters.

Comments

number3of5 8 years ago

My question would be- Would this also freeze the value of the home for a remortage or selling price or just the assessed value for tax purposes? My husband is 65 and we are still improving the property we purchased several years ago. This should make the value of the property go up. If such a freeze is approved how does this affect us?

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Godot 8 years ago

Sorry, Barnett, unless you couple this proposal with an expansion of the sales tax to include all goods and services, including food and health care, you are setting the stage for the death of the Kansas economy.

Barnett, what would happen if property values drop, as they have done in most of Kansas, yet the consitution freezes the values for everyone over 65? Then the seniors you are pandering to would be paying higher taxes than people under 65.

This is a ridiculous proposition

This, along with your proposal to establish a health insurance sales bureaucracy, tells me it would be folly to cast a vote for you.

Damn. No one running for Governor is worth voting for.

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