Tucker holds second hearing on state’s HB 581 floating homestead exemption; no public comment

Tucker held the second of three required public hearings on Monday, Feb. 24, on House Bill 581, the state’s new “floating” homestead exemption that limits annual taxable-value increases to the prior year’s CPI; no members of the public spoke for or against opting out during the hearing, and the council scheduled the required third hearing for its regular meeting at 6 p.m. tonight.

City staff presented numeric examples intended to show how Tucker’s local freeze homestead exemption — established in the city charter when Tucker became a city in 2016 — compares with the statewide formula enacted by HB 581. “The city of Tucker has a very robust current freeze exemption. That was part of our charter when we became a city in 2016,” said Ms. Hilton, city staff and the meeting presenter.…