Sumter 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 measure would establish a new Local Homestead Option Sales Tax (LHOST) whose proceeds are used each year to determine the value of homestead property for a special district in Sumter County. It also provides a homestead exemption for qualifying property owners. This changes how ad valorem taxes are calculated for those homeowners.

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