Friday, October 5, 2012
Kansas residents will decide in November whether to reduce property taxes for boat owners.
Supporters say the constitutional amendment on the November ballot will make the state's tax rates on boats similar to surrounding states. They say Kansas rates can sometimes be eight times higher than those in adjoining states.
Opponents say the amendment is being pushed mostly by sports fishermen who want to save money on expensive boats. They say regulations in Kansas have helped create a strong market for used boats.
Boats in Kansas currently are classified in the "other" category of personal property. They are taxed at 30 percent of value multiplied by the county's mill levy.
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