Bill > HB436

This bill proposes a constitutional amendment for Cullman County, Alabama, to authorize a senior property tax exemption for individuals aged 65 and older. To qualify, the property must be owned by the individual, be their principal place of residence, and have been occupied as such for at least five years prior to claiming the exemption. The exemption would freeze the assessed value of the property at its level before the exemption is claimed, meaning any future increases in property value due to additions or improvements would be taxed, but the base value would remain fixed as long as the owner continues to reside there. This exemption can be claimed starting October 1, 2027, for property values from October 1, 2026, and must be claimed in writing with the Cullman 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, which will become law if approved by a majority of voters.

Government Affairs

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