Plain English Breakdown
The source confirms a referendum is required but does not specify when or how that vote will be held beyond general provisions.
College Park Property Tax Exemption Change
This law removes the income limit for certain residents of College Park to get a property tax break on their homes.
What This Bill Does
- Removes the maximum income amount that limits who can qualify for the homestead exemption in College Park.
- Allows disabled residents and those aged 65 or older to receive an exemption from city ad valorem taxes regardless of how much money they earn.
- Ensures the new rule follows state constitutional requirements regarding tax exemptions.
Who It Names or Affects
- Residents of College Park who are disabled or at least 65 years old.
Terms To Know
- Ad valorem tax
- A property tax based on the value of a home or land.
- Homestead exemption
- A rule that lowers or removes taxes for people living in their own homes.
Limits and Unknowns
- The text does not list the specific income amounts that were removed.
- The exact date of any required public vote is not stated, only that a referendum process exists.