Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Forest Park council votes to opt out of state House Bill 581 affecting property-tax assessments
Summary
The Forest Park City Council voted to opt out of House Bill 581 after a special public hearing; the move preserves local control over homestead exemptions and assessment practices while the law remains in flux.
Forest Park’s City Council voted at a Feb. 20 special call meeting to opt the city out of House Bill 581, a state law that changes property-tax assessment procedures and creates a new statewide homestead exemption that local governments may decline to adopt.
Chief Deputy Tax Commissioner Lisa Wood, speaking for the state tax office, told the council the bill “really does encompass 2 parts,” describing administrative changes to tax notices and appraisal cycles and a separate set of provisions that limit how much assessed-value growth a local government can tax. Wood said the law ties how much of a reassessment a jurisdiction may tax to the Consumer Price Index and gave an example: if…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
