Issue Sheet 2025-061 HB581 Public Hearing 1
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City of Smyrna Issue Sheet File Number: 2025-061 A Max Bacon City Hall 2800 King Street Smyrna, GA 30080 9 7 7 Agenda Date: 2/3/2025 In Control: City Council File Type: General ID Agenda Section: Formal Business Department: Administration and Finance Agenda Title: PUBLIC HEARING: Discussion regarding the City of Smyrna’s intention to opt out of the statewide adjusted base year ad valorem homestead exemption. This is Public Hearing 1 of 3. Citywide ISSUE AND BACKGROUND: INTENT TO OPT OUT OF HOMESTEAD EXEMPTION The City of Smyrna Mayor and Council intends to opt out of the statewide adjusted base year ad valorem homestead exemption for The City of Smyrna. All concerned citizens are invited to the public hearing on this matter to be held at 2800 King Street SE, Smyrna, Georgia, Smyrna City Hall Council Chambers on February 3, 2025, at 7:00 PM. Times and places of additional public hearings on this matter are at 2800 King Street SE, Smyrna, Georgia, Smyrna City Hall Council Chambers on February 13, 2025, at 6:00 PM, and February 17, 2025, at 7:00 PM. The City of Smyrna’s floating homestead exemption provides a greater benefit to the taxpayer than the new statewide adjusted base year ad valorem homestead exemption. RECOMMENDATION / REQUESTED ACTION: Discussion regarding the City of Smyrna’s intention to opt out of the statewide adjusted base year ad valorem homestead exemption.