Rentz tax proposal ties home tax breaks to sales-tax proceeds

The failed proposal would have exempted eligible homes from City of Rentz property taxes, up to an annual amount based on local sales-tax proceeds. It would have covered residents of the Laurens County special district with an eligible homestead in that district. The bill failed, so this proposal did not make the exemption available. The proposal required a two-thirds vote in both chambers and approval by more than half of the votes cast in a city referendum. A homeowner generally would have had to apply. Someone already receiving a City of Rentz homestead exemption for the same home and still eligible would not have needed to apply again. The exemption would cover only City of Rentz taxes on property in the special district. It could be added to other homestead exemptions. If voters approved the proposal, the exemption would have applied to tax years beginning January 1, 2027, through December 31, 2039.