Measures Introduce with The Potential to Have a Negative Impact to County Government Revenue
Senate Bill 2992: This measure seeks to increase from $7,500.00 to $20,000.00 of the assessed value of the homestead property.
NOTE: From an actual value standpoint this would raise the homestead exemption from $75,000.00 to $200,000.00.
Additional Note: No action has been taken on this measure.
Senate Bill 2994: This measure seeks to exempt certain business personal property from ad valorem taxes.
NOTE: Not action has been taken on this measure.
Senate Bill 2968: This measure seeks to address ad valorem taxes as it pertains to specifying provisions for determining the true value of rural structures. It was introduced on Wednesday, February 12 in the Senate Chamber and assigned to the Senate Finance Committee.
NOTE: No action has been taken on this measure.
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