The City of Wichita is exploring a temporary program that would reduce property taxes to $0 for qualified seniors, low-income families, and injured veterans.
KSN News reports the City wants to work with a state program that offers a 75% property tax refund. People already receiving the state refund would be able to apply for an extra 25% refund from the City of Wichita, which would fully cover property taxes.
The 25% refund was added in an amendment to the proposed budget for 2024 this week, but it won't be set in stone until the City holds a final public hearing Tuesday and then votes on whether to approve the program.
Under the current outline, in order to access the refund, taxpayers would have to qualify under one of the following three options:
Option One:
Must file a Kansas Income tax return for tax year 2023 and must file a State Form K40PT
Must be age 65 or older, a resident of Kansas, and a homeowner for all of 2023
Must have Kansas taxable income of less than $22,000 (excluding Social Security Disability income
Must own and occupy a home valued at less than $350,000
Must have received a state property tax credit of at least $40 (line 12 of State Tax Form K40PT)
Option Two:
Must file a Kansas Income tax return for the tax year 2023 and must file a State Form K40SVR
Must be age 65 or older; or a disabled veteran; or a surviving spouse of a person age 65 or older or a disabled veteran for all of 2023
Must be a resident of Kansas and a homeowner for all of 2023
Must have Kansas taxable income of less than $50,000 (excluding Social Security Disability income)
Must own and occupy a home valued at less than $350,000
Must have received a state property tax credit of at least $40 (line 13 of State Tax Form KAOSVR)
Option Three:
Cannot submit an application under options one or two
Must file a Kansas Income tax return for the tax year 2023 and must file a State Form K40H
Must be age 55 or older; or a disabled veteran; or have a dependent child who lived with you all of 2023 and was under age 18 all of 2023
Must have Kansas taxable income of less than $37,750 (excluding Social Security Disability income
Must own and occupy a home valued at less than $350,000
Must have received a state homestead refund of at least $40 (line 15 of State Tax Form K40H)
