Alabama HB64 proposes a constitutional amendment to authorize a senior property tax exemption in Colbert County.

Alabama HB64 proposes an amendment to the Constitution of Alabama of 2022, authorizing a senior property tax exemption in Colbert County. This exemption would apply to individuals aged 65 or older who own single-family, owner-occupied residential property in the county. The exemption would freeze the assessed value of the property for the year before the exemption is claimed. To qualify, the property owner must have used the property as their principal residence for at least five years before claiming the exemption.

Alabama HB64 proposes a constitutional amendment to authorize a senior property tax exemption in Colbert County.

Alabama HB64 proposes an amendment to the Constitution of Alabama of 2022, authorizing a senior property tax exemption in Colbert County. This exemption would apply to individuals aged 65 or older who own single-family, owner-occupied residential property in the county. The exemption would freeze the assessed value of the property for the year before the exemption is claimed. To qualify, the property owner must have used the property as their principal residence for at least five years before claiming the exemption.