Bill > SB56

This bill proposes a constitutional amendment for Walker County, Alabama, allowing 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 and have been their principal residence 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 taxpayer can continue to receive it as long as they reside there, while still being eligible for other exemptions like the homestead exemption. However, the property will still be subject to any changes in millage rates (local tax rates), and any additions to the property after the exemption is claimed will have their increased assessed value taxed. This exemption can be claimed starting October 1, 2027, by filing with the Walker County Revenue Commissioner between October 1 and December 31. The bill also outlines the process for holding an election to vote on this proposed constitutional amendment.

Government Affairs

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