Worth County proposal would link homeowner tax breaks to sales tax

Worth County would exempt part of eligible homestead property from county property taxes. It would cover Worth County residents with eligible homestead property in the special district. The exemption would be based on net proceeds from the local sales tax, and any value above the exempt amount would remain taxable. It would be added to other homestead exemptions and would not affect taxes imposed by other governments. The measure requires a two-thirds vote in both legislative chambers and approval by more than half the county voters voting on the question. If approved in the referendum, the exemption would apply to tax years beginning in 2027 and end after 2039.

Worth County would impose a 1 percent local sales tax. The tax would apply in the special district covering Worth County. The tax and exemption depend on the required votes in both legislative chambers and approval by county voters. The sales tax would run from January 1, 2028, through December 31, 2037.