Plain English Breakdown
The source confirms a referendum is required, implying voter approval may be needed before full implementation.
Lowndes County Homestead Tax Exemption
This law provides a $12,000 reduction in the assessed value of homes for county tax purposes to residents of Lowndes County.
What This Bill Does
- Provides a homestead exemption from ad valorem taxes for county purposes.
- Reduces the taxable assessed value of eligible homes by $12,000.
- Defines terms and sets conditions for receiving the exemption.
- Outlines procedures related to the exemption.
- Repeals any existing laws that conflict with this new rule.
Who It Names or Affects
- Residents of Lowndes County who own a home used as their primary residence.
Limits and Unknowns
- The law includes a referendum process, meaning voters may need to approve it before it takes effect.
- Specific details on how residents apply and deadlines are not fully described in the summary text provided.