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Walton County warns HJR 203 could cut $33 million a year, forcing steep program and capital reductions
Summary
County staff told commissioners that House Joint Resolution 203 — which would eliminate most non-school property taxes on homesteads — could reduce Walton County’s revenue by about $33 million annually beginning in FY2028, imperiling capital projects and non-mandated services.
County staff warned commissioners at a Feb. 2026 workshop that a state proposal to eliminate most non-school property taxes for homesteaded properties would sharply reduce Walton County’s general fund and force difficult choices.
Devin Payton of the county Office of Management and Budget said the county estimates the proposal under House Joint Resolution 203 would produce a $33 million annual reduction in county revenue beginning in fiscal year 2028. “If the proposed reform is implemented, the estimated impact on the county would be a reduction of $33 million in annual revenue,” Payton said.
The county’s analysis found roughly 77% of current property tax revenue is committed to statemandated or non-reducible…
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