Establishing a property tax valuation appeal process to the board of county commissioners for certain residential and commercial real property and providing for the purchase of the property by the county under certain conditions.

SB 152 creates a new property tax appeal process for residential and commercial property owners in Kansas with valuations under $1 million who haven't already appealed to the state board of tax appeals. Taxpayers can request an informal hearing before their county commissioners within 30 days of receiving a valuation notice, and the commissioners must issue a decision within 30 days of the hearing. If the county disagrees with the valuation, they must either reduce the property's appraised value by at least 15% or agree to purchase the property for 90% of that appraised value within 30 days of a written offer from the owner. The county must complete any purchase within 90 days if they accept the offer.