Alabama SB212 proposes a constitutional amendment to authorize a senior property tax exemption in Fayette County for qualified taxpayers.

Alabama SB212 proposes an amendment to the Constitution of Alabama of 2022 to authorize a senior property tax exemption in Fayette County for qualified taxpayers. This exemption applies to real property owned by individuals aged 65 or older, classified as single-family owner-occupied residential property, and used as their principal place of residence for at least five years. The exemption freezes the assessed value of the property for the year immediately prior to claiming the exemption.

Alabama SB212 proposes a constitutional amendment to authorize a senior property tax exemption in Fayette County for qualified taxpayers.

Alabama SB212 proposes an amendment to the Constitution of Alabama of 2022 to authorize a senior property tax exemption in Fayette County for qualified taxpayers. This exemption applies to real property owned by individuals aged 65 or older, classified as single-family owner-occupied residential property, and used as their principal place of residence for at least five years. The exemption freezes the assessed value of the property for the year immediately prior to claiming the exemption.