Stephens County; ad valorem taxes; homestead property determined annually for the special district based upon the proceeds of a new Local Homestead Option Sales Tax (LHOST); provide homestead exemption

Summary

The bill would establish a Local Homestead Option Sales Tax (LHOST) in Stephens County. Revenue from this tax would be used each year to determine the homestead property value for a special district and to provide a homestead exemption to qualifying owners. It seeks to adjust property tax assessments based on the sales tax proceeds.

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