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Hendry County staff preparing white paper on state ad valorem proposals after projected $7M impact
Summary
County staff told commissioners Jan. 13 they are preparing a white paper analyzing possible state proposals to eliminate or reduce ad valorem taxes for homesteaded property; preliminary estimates show an approximate $7 million potential impact for Hendry County under one scenario, and the board discussed offsets such as franchise fees, MSBU changes and one-cent equivalents.
Hendry County staff reported Jan. 13 that they are preparing a white paper for the board and county delegation on the potential county-level fiscal impacts if state proposals eliminate or dramatically reduce ad valorem taxes for homesteaded property.
Staff said, based on preliminary analysis and information from small-county coalitions, the county could face an impact of roughly $7,000,000…
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