Alabama HB488 proposes a constitutional amendment to allow Chilton County residents aged 65 or older to claim a senior property tax exemption.

Alabama HB488 proposes an amendment to the Constitution of Alabama of 2022, authorizing Chilton County residents aged 65 or older to claim a senior property tax exemption for real property. This exemption applies to single-family owner-occupied residential property used as the taxpayer's principal place of residence for at least five years. The exemption freezes the assessed value of the property for the year before the exemption is claimed.

Alabama HB488 proposes a constitutional amendment to allow Chilton County residents aged 65 or older to claim a senior property tax exemption.

Alabama HB488 proposes an amendment to the Constitution of Alabama of 2022, authorizing Chilton County residents aged 65 or older to claim a senior property tax exemption for real property. This exemption applies to single-family owner-occupied residential property used as the taxpayer's principal place of residence for at least five years. The exemption freezes the assessed value of the property for the year before the exemption is claimed.