MoCo Looking Further Into Homestead Exemption

Courtesy of the Montgomery County Board of Commissioners & Board of Education

Authorities from the Montgomery County Board of Commissioners and Board of Education will attend a training on local homestead exemption next month to see if the concept could be an option for Montgomery County in the future.

The Montgomery County Board of Commissioners and the Board of Education are eager to learn about the benefits and concerns regarding the floating homestead exemption, which has been a popular topic of discussion within the county after the recent issue with property taxes. This training will provide critical information to help both boards make a decision that is best for all citizens of Montgomery County.

In addition to these Boards, the Commissioners invited the Montgomery County Board of Tax Assessors and the Office of Montgomery County Tax Commissioner to attend the training with them.

Leaders from both the Board of Commissioners and Board of Education commented on this endeavor. “The Board of Commissioners and I are looking forward to educating ourselves on the floating homestead exemption,” says Commission Chairman Leland Adams. “It is important that we listen and consult with professionals in the area of ad valorem taxation. There are counties that already have the floating exemption in place, and it is important that we learn from them.” Superintendent Stan Rentz added, “The Montgomery County Board of Education is appreciative to the Montgomery County Board of Commissioners for inviting us to learn with them regarding the floating homestead exemption.”