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East Point council hears detailed briefing on House Bill 581; staff to return with revenue examples
Summary
City staff and consultants briefed council on House Bill 581, a statewide property-tax reform enacted in 2024 that creates a floating homestead exemption, new procedural rules, and a floating local option sales tax (FLOS). Council asked staff for numerical examples, budget impacts and outreach plans and did not take a formal vote.
City staff and consultants gave East Point council a detailed overview of House Bill 581 — the statewide law enacted in April 2024 that creates a statewide "floating" homestead exemption, changes property-tax appeal procedures and authorizes a new, limited-purpose local sales tax for property-tax relief.
The presentation, led by Shannon Golden and Jeff Jackson, explained how the floating homestead exempts a portion of a home's taxable value by indexing a base-year value to inflation. Jeff Jackson said the law "implements a statewide floating homestead exemption for all local governments," and described mechanics by example: a $100,000 taxable base that rises to $110,000 could be limited to a CPI-adjusted base of $102,000 so a taxpayer would pay taxes on $102,000 rather than $110,000.
Council members pressed staff for local revenue estimates, timing and implementation details. Staff said the floating homestead is automatic for…
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