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Chatham County holds public hearing on new homestead exemption under HB 581; no opt-in decision made
Summary
County officials heard a presentation from the Board of Assessors on House Bill 581 and its interaction with existing Stevens Day base-year homestead exemptions. Commissioners held a public hearing and scheduled follow-ups but took no action pending further legislative changes.
Chatham County commissioners on Tuesday held a public hearing to receive information about House Bill 581 (HB 581), a state measure that would create a new base‑year homestead exemption with an annual inflation adjustment, and how it would interact with the county's existing Stevens Day base‑year exemptions.
Corey, interim chief appraiser for the Chatham County Board of Assessors, told commissioners the county must complete three public hearings required under the current statute but that the state Legislature was still adjusting HB 581. He said the county's valuation software will automatically compare savings from Stevens Day and the new HB 581 exemption and apply whichever yields greater savings for an eligible homestead property. "House Bill 581 does not eliminate any existing homestead exemptions for any jurisdiction," Corey read from guidance, adding the law "may override existing…
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