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Valdosta council approves resolution to remain under House Bill 581's floating homestead exemption
Summary
At its Feb. 20 meeting the Valdosta Mayor and Council approved a resolution expressing the city's intent not to opt out of House Bill 581, the law that creates a floating homestead exemption and enables consideration of a one-cent local sales-tax option to roll back property tax millage.
VALDOSTA, Ga. — At its Feb. 20 meeting the Valdosta Mayor and Council approved a resolution expressing the city’s intention not to opt out of House Bill 581, the state law that implements a floating homestead exemption and creates the option for cities to pursue a one-cent local sales tax to reduce property tax millage.
The resolution was presented by Chuck Jenkins, who described it as “a resolution expressing, the city's intention not to opt out of house bill 5 81.” Jenkins told the council HB 581 places cities “in by default” and that opting out would remove the city’s ability to use the measure’s mechanisms.
Why it matters: Councilmembers and staff said staying in the HB 581 framework could let Valdosta use sales-tax revenue to…
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