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Smyrna holds public hearing on intent to opt out of state homestead exemption tied to House Bill 581
Summary
City staff read a statement that Smyrna plans to opt out of the statewide adjusted base-year ad valorem homestead exemption (House Bill 581), saying the city—s existing exemption provides greater benefit; no public comments were made and no vote was recorded.
Smyrna held a public hearing where city staff said the city intends to opt out of the statewide adjusted base-year ad valorem homestead exemption tied to House Bill 581.
Mr. Bennett, a city staff member, read the background and told the council the city—s current homestead exemption "offers greater protections and greater benefit for the Smyrna residents, than House Bill 581 does," and that the public hearing was being held to receive comment on the city—s intent to opt out.
The hearing drew no public speakers. The presiding chair asked if anyone wished to speak for or against the item; no members of the public addressed the council and the hearing was closed. The council did not record a formal vote or take other immediate action on the item at that time.
After the hearing the council adjourned the public-hearing portion and recessed for 25 minutes before returning to other agenda items.
