Alabama HB507 proposes a constitutional amendment to authorize a senior property tax exemption in Covington County.

Alabama HB507 proposes an amendment to the Constitution of Alabama of 2022 to allow individuals aged 65 or older to claim a senior property tax exemption for real property in Covington County. The exemption applies to single-family owner-occupied residential properties used as the individual's principal place of residence for at least five years. The assessed value of the property freezes at the year before the exemption is claimed.

Alabama HB507 proposes a constitutional amendment to authorize a senior property tax exemption in Covington County.

Alabama HB507 proposes an amendment to the Constitution of Alabama of 2022 to allow individuals aged 65 or older to claim a senior property tax exemption for real property in Covington County. The exemption applies to single-family owner-occupied residential properties used as the individual's principal place of residence for at least five years. The assessed value of the property freezes at the year before the exemption is claimed.