Bill > HB64

This bill proposes a constitutional amendment for Colbert County, Alabama, to allow individuals aged 65 or older to claim a senior property tax exemption on their primary residence, which must be a single-family owner-occupied home they've lived in for at least five years. This exemption would freeze the property's assessed value at the level it was the year before the exemption is claimed, and the taxpayer would continue to receive it as long as they reside there, while still being eligible for other exemptions and subject to millage rate changes. Any additions to the property after the exemption is claimed would have their increased assessed value taxed separately. The exemption could be claimed starting October 1, 2027, for property values from October 1, 2026, and must be applied for in writing with the Colbert County Revenue Commissioner between October 1 and December 31. The bill also outlines the process for holding an election to vote on this proposed amendment, which will become part of the state constitution if approved by a majority of voters.

Government Affairs

https://alison.legislature.state.al.us/bill-search