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Smyrna council adopts resolution to opt out of statewide homestead exemption
Summary
The Smyrna Mayor and Council voted to adopt a resolution opting the city out of the statewide adjusted base year ad valorem homestead exemption created by House Bill 581; council held a required public hearing and staff said the city completed the notice and hearing steps required by state law.
The City of Smyrna Mayor and Council voted to adopt a resolution declaring the cityintention to opt out of the statewide adjusted base-year ad valorem homestead exemption established in House Bill 581.
The vote took place after a public hearing that produced no speakers. City staff summarized the timeline and notice requirements that local governments must complete to opt out; the council then approved the resolution on a motion by Councilmember Lindley, seconded by Councilmember Welch.
Why it matters: The measure concerns whether the exemption created under state law will take…
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