On February 6, 2025, the City of Forest Park announced that the Mayor and City Council intend to opt out of the statewide adjusted base year ad valorem homestead exemption. This decision could have a significant impact on homeowners in the city, particularly when it comes to property taxes.
What is the Adjusted Base Year Ad Valorem Homestead Exemption?
The adjusted base year ad valorem homestead exemption is a property tax benefit designed to provide homeowners with some relief by capping the taxable value of their home at a certain level. This exemption helps limit the increase in property taxes even as home values rise over time. By opting out, the city is choosing not to participate in this statewide exemption, which could lead to higher property tax bills for homeowners in Forest Park.
What Does This Mean for Forest Park Homeowners?
If Forest Park officially opts out of the exemption, property taxes for homeowners could increase. Without the exemption, rising property values would directly impact tax bills, potentially making homeownership more expensive. This move could generate more revenue for city services and infrastructure, but it may also place a greater financial burden on residents.
Public Hearings: Your Chance to Voice Your Opinion
Residents concerned about this decision are encouraged to attend the upcoming public hearings at Forest Park City Hall (745 Forest Pkwy.) to learn more and share their thoughts:
Monday, Feb. 17, at 7 p.m.
Thursday, Feb. 20, at 12 p.m.
Thursday, Feb. 20, at 6 p.m.
These hearings provide an opportunity for homeowners, business owners, and community members to ask questions and express their opinions before any final decisions are made.
Stay Informed and Get Involved
Local government decisions like this one can have a lasting impact on residents. Whether you support or oppose this change, attending the public hearings or reaching out to city officials at (404) 366-4720 is the best way to stay informed and have your voice heard.
Stay tuned for updates as this issue develops, and be sure to share this information with your neighbors so they, too, can participate in the discussion about Forest Park’s future.
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