Bill > HB313

This bill proposes a constitutional amendment for Blount 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 occupied 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, meaning future increases in property value would not affect the tax on that frozen amount, though additions to the property would be taxed on their increased value. Homeowners would continue to receive other exemptions, like the homestead exemption, and the property would still be subject to changes in millage rates, which are the tax rates applied to property. The exemption could be claimed starting October 1, 2027, based on the property's value from October 1, 2026, and must be formally requested with the Blount 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 law if approved by a majority of voters.

Government Affairs

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