Alabama HB537 proposes a constitutional amendment to allow seniors in Monroe County to claim a property tax exemption.

Alabama HB537 proposes an amendment to the Constitution of Alabama of 2022 to authorize residents of Monroe County who are 65 years of age or older to claim a senior property tax exemption for real property. The exemption freezes the assessed value of the property for the year immediately prior to claiming the exemption. To qualify, the individual must have resided in the county for at least five years before claiming the exemption. The exemption applies to single-family owner-occupied residential property used as the principal place of residence.

Alabama HB537 proposes a constitutional amendment to allow seniors in Monroe County to claim a property tax exemption.

Alabama HB537 proposes an amendment to the Constitution of Alabama of 2022 to authorize residents of Monroe County who are 65 years of age or older to claim a senior property tax exemption for real property. The exemption freezes the assessed value of the property for the year immediately prior to claiming the exemption. To qualify, the individual must have resided in the county for at least five years before claiming the exemption. The exemption applies to single-family owner-occupied residential property used as the principal place of residence.