Bill > HB308

This bill proposes a constitutional amendment for Mobile County that would 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 would freeze the property's assessed value at the level it was the year before the exemption is claimed, and the owner would continue to receive it as long as they reside there, while still being eligible for other exemptions like the homestead exemption. However, any additions to the property after the exemption is claimed would be subject to ad valorem tax based on their increased value, and millage rate changes would still apply. The exemption could be claimed starting October 1, 2027, for the property value from October 1, 2026, and must be applied for in writing with the Mobile County Revenue Commissioner between October 1 and December 31. The bill also outlines the process for holding an election on this proposed amendment, which requires approval from a majority of voters to become part of the state constitution.

Government Affairs

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