Department
Finance
Requested Action (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Discussion of the estimated rollback rate to be provided to the Tax Commissioner as required in the provisions of the new State law HB 581. (DISCUSSED/APPROVED)
body
Requirement for Board Action (Cite specific Board policy, statute or code requirement)
Compliance with HB 581.
Strategic Priority Area related to this item (If yes, note strategic priority area below)
Open and Responsible Government
Commission Districts Affected
All Districts ☒
District 1 ☐
District 2 ☐
District 3 ☐
District 4 ☐
District 5 ☐
District 6 ☐
Is this a purchasing item?
No
Summary & Background (First sentence includes Agency recommendation. Provide an executive summary of the action that gives an overview of the relevant details for the item.)
Scope of Work: At the BOC meeting of January 8, 2025, the Board of Commissioners approved for the County to opt-in to HB 581, which provides a statewide exemption to be used in addition to other homestead exemptions that are not “base year” value exemptions. The statute requires an estimated rollback rate to be provided to the Tax Commissioner. Approval of a rollback rate by the BOC which will be forwarded to the Tax Commissioner is being requested.
Community Impact: Provides an additional property tax relief option in this new floating homestead, in addition to existing homestead provisions applicable to Fulton County property owners.
Project Implications: Compliance with new state law provisions