Bill > HB488

This bill proposes a constitutional amendment for Chilton 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 before the exemption was claimed, meaning that while the tax rate might change, the base value used for calculating taxes would remain constant for the existing structure. However, any additions or improvements made to the property after the exemption is claimed would be added to the assessed value and taxed accordingly. The exemption can be claimed starting October 1, 2027, for property values from October 1, 2026, and must be formally requested with the Chilton County Revenue Commissioner between October 1 and December 31. This amendment will be put to a vote of the people, and if approved, will become part of the Alabama Constitution.

Government Affairs

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