Bill > HB460

This bill proposes a constitutional amendment for Henry County, Alabama, allowing individuals aged 65 or older to receive a "senior property tax assessment" on their primary residence. This assessment would freeze the property's assessed value for ad valorem tax purposes at the level it was the year before the senior claims it, provided they have owned and lived in the home for at least 10 years. The owner would continue to receive this frozen assessment as long as it remains their principal residence, and they could still claim homestead and other exemptions. However, any additions to the property after claiming the assessment would be taxed based on their increased value. This provision would be effective starting October 1, 2027, and must be claimed in writing with the Henry County Revenue Commissioner between October 1 and December 31 annually. 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