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Smyrna opens first of three public hearings on homestead exemption change; no public speakers
Summary
The council held the first of three public hearings on the city's stated intention to opt out of the statewide adjusted base-year ad valorem homestead exemption; staff said the city’s existing floating homestead exemption offers greater taxpayer benefit and freezes assessed values at purchase price.
The City of Smyrna held the first of three public hearings Wednesday on the mayor and council’s stated intention to opt out of the statewide adjusted base-year ad valorem homestead exemption. No members of the public spoke during the hearing.
Why it matters: The opt-out would determine whether Smyrna’s homeowners remain under the city’s existing floating homestead exemption or move…
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