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Camden County moves to opt out of statefloating homestead exemption (HB 581)
Summary
After a staff presentation and public hearing, the Camden County commission voted to opt out of House Bill 581the statefloating base-year homestead exemption, preserving the countyexisting homestead freeze; staff noted the county must file a resolution by March 1.
Camden County commissioners voted at a regular meeting to opt out of the statewide floating base-year homestead exemption enacted by House Bill 581.
County staff presented the policy change and said the county currently operates a base-year value freeze that, they said, provides greater taxpayer benefit than the HB 581 approach, which would instead allow annual increases capped at the consumer price index. "This is just a presentation of what the HB 581 is about," the presenter said during the public hearing on the measure.
The pre…
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