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What House Bill 581 (constitutional amendment) would change for Pickens County property owners
Summary
Chairman Chris Stansell told listeners HB 581/HR 1022 would remove a dollar-tax estimate from assessment notices, create a taxable-value 'freeze' with up to 3% annual adjustments, include an opt-out for local taxing authorities, and would go to voters in November as a constitutional amendment.
On the Around Pickens podcast, Pickens County Board of Commissioners Chairman Chris Stansell explained a state-level measure that would change how property assessments appear on notices and how taxable value would be calculated going forward.
Stansell summarized the package as House Bill 581 with the accompanying House Resolution 1022 required to refer a constitutional amendment to voters. "It does create a freeze... and then allow for inflation to occur at a rate of 3% up to 3% inflation," he said,…
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