Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Camden County holds public hearing on whether to opt out of stateHouse Bill 5.81 floating homestead exemption
Summary
County finance staff explained differences between the local homestead freeze and the new statewide "floating" exemption under House Bill 5.81 and outlined procedure and deadlines if the board chooses to opt out.
Camden County held a public hearing during its meeting to review House Bill 5.81, the statewide floating homestead exemption, and to hear whether the county should formally opt out of the change.
Nancy Clark Gonzales, the county—s chief financial officer, told the board that the county—s existing homestead exemption is a local freeze that dates to a voter-approved measure in February 2006 (Senate Bill 496) and that it has produced substantial taxpayer savings. "This shows what it has saved the taxpayer since it went into effect," Clark Gonzales said, citing about $13,000,000 in savings over the last three years and "just over $32,000,000" in total savings since the local exemption began.
Why it matters: the new state law, House Bill…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
