Sales tax funds homestead property tax break in Floyd County

Floyd County; ad valorem tax; provide homestead exemption

Introduced· 2026-06-17

Who's it for

Who's it for: Everyday People

What it means for you

3/10Hurts you

Bad for everyday people ·

Cost shiftHeavily funded

Plain‑English summary, cross‑checked against the official bill text.

If passed, the bill would let homeowners skip their county property tax, but would raise a new sales tax to pay for it.

Our take

What we think, in plain words.

Homeowners could save money on their yearly tax bill, while everyone else may see higher prices at stores because of the new sales tax.

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The facts

What the bill actually says, no spin.

The bill creates a homestead exemption equal to the assessed value of the property.
The exemption would be funded by a new local sales tax in Floyd County.
The exemption applies only to property owners in the special district.
The bill requires a referendum and sets procedures for the exemption.