This is an optional sales tax which could be put on a ballot by our board of commissioners for Liberty County so that we could vote on the matter.
If I understand it, that is.
That is why we need to ask for some help on this matter.
JM we can work together on this.
Thanks to you both.
I hope the rest of our cohorts will join us.
Homeowners need some relief.
But I'm not sure we actually have a LOST,
I am afraid that we do have a LOST and if you are correct, and I imagine that you are, then apparently we cannot consider the option of HLOST.
I for one just simply know that Liberty County has one of the highest property tax rates in the State and many "old timers" are being forced off of their homesteads because on fixed incomes they cannot afford to pay their taxes.
Last week, Timeontarget, asked me to look into what was believed to be called homestead local option sales tax, which could increase homestead exemptions for owner/occupants on property taxes.
I don't normally do research for other people. But the prospect of paying less in taxes intrigued me.
I couldn't find that name exactly. I did, however, find information about what state officials call the homestead option sales tax. But, after reading some of the original bill and an amendment made in 1997, I couldn't explain it any more than I could've won that billion bucks with a perfect March Madness bracket.
So I asked Liberty County Administrator Joey Brown, whose job is to keep up with possible sources of funding local governments. Here's what he wrote in an email:
"Homestead Option Sales Tax (HOST) is similar to the LOST (Local Option Sales Tax) with one difference. Both taxes require the rollback of millage rates. However, in HOST 80% of the rollback must be applied to homestead relief only and with the remaining 20% available for use for capital improvement. LOST requires 100% rollback of the millage rate on all property types. Counties cannot have both."
We do in fact already have a LOST.
Therefore we aren't in a position to consider implementing a HOST.
Our county commissioners who decided to put the LOST option before the voters many years ago were more interested in protecting the interest of the large land and property owners than in helping the homeowner and the small homestead.
I'm still not sure whether we already have a LOST (i.e., nominally or does a SPLOST equal a HOST?)
See above comment.
A SPLOST is the virtual opposite of a HOST.
A SPLOST is a SPECIAL PURPOSE LOCAL OPTION SALES TAX and the proceeds from that tax can only be used to finance special projects such as the new city hall and the new courthouse.
Meanwhile the lowly homeowner be damned.
Thanks to all for your consideration and commentary on this matter.
A special thanks to Mr. Watkins for clearing this matter up for us.