Bill > HB485

This bill proposes a constitutional amendment for Clarke County, Alabama, to allow individuals aged 65 or older to receive a senior property tax exemption on their primary residence, provided they have lived there 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 property remains subject to changes in tax rates, the owner's tax burden based on the property's value would be stabilized. The exemption continues as long as the property remains the owner's principal residence, and owners can still claim other exemptions like the homestead exemption. Any additions to the property after the exemption is claimed would have their increased value taxed. The exemption could be claimed starting October 1, 2027, based on the property's value from October 1, 2026, and must be claimed in writing with the Clarke 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.

Government Affairs

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