Fayetteville, City of; ad valorem tax for municipal purposes; provide homestead exemption

Summary

The bill establishes a homestead exemption that reduces the municipal ad valorem tax owed by owners of their primary homes in the City of Fayetteville. It applies only to taxes levied for municipal purposes and is intended to lower the tax burden for qualifying homeowners. The measure has been signed into law and will become effective on the date set by the legislature.

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