Bill > HB65

This bill proposes a constitutional amendment for Franklin County, Alabama, to allow individuals aged 65 or older to claim a senior property tax exemption on their primary residence, provided they have owned and lived in it for at least five years. This exemption will freeze the property's assessed value at the level it was the year before the exemption is claimed, and the owner will continue to receive it as long as they reside there, while still being eligible for other exemptions like the homestead exemption. However, any increases in property taxes due to millage rate changes or additions to the property after the exemption is claimed will still apply. The exemption can be claimed starting October 1, 2027, based on the property's value from October 1, 2026, and must be formally requested with the Franklin County Revenue Commissioner between October 1 and December 31. This proposed amendment will be put to a vote of the people to become part of the Alabama Constitution.

Government Affairs

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