On Tuesday, voters in Lowndes County approved all four homestead exemption referendums which could ease rising property tax costs for homeowners.WATCH THE FULL REPORT BELOW: Lowndes County voters approve homestead exemptions to lower property tax bills for homeownersThe measures add new county and school tax exemptions for homeowners, including a larger break for seniors 65 and older. The changes are expected to take effect in the 2027 tax year.For a homeowner with a $200,000 home, county leaders say the average savings could land somewhere around $100 to $300 a year, depending on where they live and which exemptions they qualify for.Officials say the plan will put several thousand dollars back into the hands of Lowndes County taxpayers, who have been plagued with increased property taxes and increased bills for the last few years.For homeowners and local business owners like Tricia Williams, the relief comes after years of rising insurance costs, property values, and everyday expenses."Right now, if we weren't in the position where we are with our business, we would be seriously hurt trying to pay these bills," Williams said.County officials say savings for homeowners will largely depend on property value.This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.Want to see more local news? Visit the WTXL ABC 27 Website. Stay in touch with us anywhere, anytime.Like us on FacebookFollow us on Instagram and X. ...read more read less