The Oconee County Board of Education does not intend to join in a homestead exemption approved overwhelmingly by voters--statewide and in Oconee County--in November that would limit increases in the assessed value of property that is a homestead.
Taxing authorities in the state are allowed to opt out of what is referred to as a floating homestead exemption based on inflation designed to limit increases in the assessed value and tax of homestead property.
