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Camden County holds first public hearing on statewide 'floating' homestead exemption; board signals intent to opt out
Summary
At a public hearing, county staff explained House Bill 581's statewide floating homestead exemption, the county's existing homestead freeze and the March 1 opt-out deadline; commissioners signaled they favor opting out but made no formal vote.
Camden County officials and residents gathered for a public hearing where staff reviewed House Bill 581, the statewide "floating" homestead exemption that took effect Jan. 1, 2025, and outlined how the county could opt out before the March 1, 2025 deadline.
The presentation, given by a county staff member identified in the meeting as Seth, summarized the new statewide exemption and compared it with Camden County's existing homestead freeze. "House Bill 581 took effect on Jan. 1, 2025," Seth said, explaining the bill limits taxable value increases for homesteaded property to a rate tied to the Consumer Price Index and that the floating exemption is adjusted for inflation every three years.
The county's current homestead policy dates back to what the presentation described as Senate Bill 496 approved in February 2006; staff said Camden County's freeze has been in effect since…
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