HB 40 — Lauderdale County, ad valorem taxes, senior property tax appraisal, person 65 or older, ca

HB40 ENROLLED HB40 A C T #2024 CC6MQQ-2 By Representative Pettus (Constitutional Amendment) RFD:

12-Jan-24 I Page 0 HB40 Enrolled Enrolled, An Act, Proposing an amendment to the Constitution of Alabama of 2022, relating to Lauderdale County, to authorize a qualified taxpayer 65 years of age or older to claim a senior property tax exemption for real property owned in the county under certain conditions.

13 PROPOSED AMENDMENT (a) In Lauderdale County, a person 65 years of age or older may claim a senior property tax exemption for ad valorem tax purposes on real property located in the county which is owned by the person, classified as single-family owner-occupied residential property, and used as the principal place of residence of the person for not less than five years immediately prior to the tax year for which the person first claims the senior property tax exemption.

The senior property tax exemption shall freeze the assessed value of the property x23 for the year immediately prior to claiming the exemption.

Page 1 HB40 Enrolled (2)The(2) The person shall continue to be eligible to claim a homestead exemption and any other exemption authorized by law on the property.

! (3) The property shall continue to be subject to any millage rate changes on the property.

(4) The assessed value of any additions to the property after claiming the senior property tax exemption shall be added to the assessed value of the property and subject to ad valorem tax based on the increase in the assessed value of the addition after the taxpayer claims the senior property tax exemptionexemption. .

(5) This exemption may be claimed beginning October 1, 2025/2025, for the value of the property on October 1, 20242024. .

correct manifest grammaticalgrammatical, ,clerical, clerical , and typographical errors;

An election upon the proposed amendment shall be held in accordance with Sections 284, 284.01/284.01, and 285 of the Constitution of Alabama of 2022, and the election laws Page 2 HB40 EEnrolled nrolled of ththis isstate. s ta te .

proposing an amendment to the Constitution of Alabama of 2022, to authorize a qualified taxpayer 65 years of age or older to claim a senior property tax exemption for real property under certain conditionsconditions. .

Proposed by Act I____." This description shall be followed by the following languagelanguage: :

"Yes( ) NoNo( ()." }." Page 3 I HB40 Enrolled ran® 73 75 77 79________________________________________________ Speaker of the House of Representatives 81 83 ________________________________________________ President and esidingPresiding OrfToOfficer er of the Senate 86 House of Representatives 89 I hereby certify that the within Act originated in and was passed by the House 28-Feb-24.

92 John Treadwell Clerk 95 97 99 Senate 30-Apr-24 Passed Alabama SecretaryOf State Act Num....:£024-136 Bill Num...:H-40 Ree’d 04/30/24 07:£lpmMQC Page 4 t, -'< • '■-r .

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