Kansas Statutes 79-3281. Same; property owned or rented, value; net annual rate
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 79-3281
- Property: includes personal and real property. See Kansas Statutes 77-201
Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from sub-rentals.