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Residents press board on House Bill 581 and homestead exemptions
Summary
Members of the public asked how House Bill 581 and the floating homestead exemption affect assessed values and tax relief for seniors; Chairman Perdue said the bill creates a floating homestead exemption intended to provide relief for homeowners on fixed incomes.
Multiple residents asked how House Bill 581 would change tax calculations and whether seniors on fixed incomes would receive relief. Ms. Carrie Sharples and Mr. Robert Schaffer asked directly about HB 581's effects; Chairman Perdue replied that the bill and a floating homestead exemption were intended to provide tax relief, and he directed listeners to his presentation for details.
The board did not adopt any change to exemptions at the meeting; Chairman Perdue framed HB 581 as part of the state's adjustments to assessments and exemptions rather than a local ordinance change.
