Fayette County; ad valorem tax; floating proportional amount based upon any increased property tax collections; provide new exemption

Summary

The bill establishes a new homestead exemption that reduces ad valorem taxes for qualifying residents of Fayette County. The exemption amount can adjust proportionally with any increase in the county's property tax collections. It is intended to provide tax relief to homeowners.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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