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AL HB702
Bill
Status
3/11/2010
Primary Sponsor
Ken Guin
Click for details
AI Summary
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Proposes a constitutional amendment to allow qualified taxpayers in Tuscaloosa County age 65 or older to claim a senior property tax appraisal on ad valorem taxes.
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Eligible taxpayers must have been assessed ad valorem taxes on property within the county used as a principal residence for at least 10 years prior to claiming the appraisal.
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Freezes the assessed value of the property at the amount from the year prior to claiming the senior property tax appraisal.
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Recipients remain subject to applicable homestead exemptions and millage rate changes, and any property additions after claiming the appraisal are not eligible for the freeze.
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Requires the Alabama Department of Revenue to promulgate rules for implementation and administration of the amendment, with the election to be held in accordance with Amendment 555 to the Alabama Constitution.
Legislative Description
Tuscaloosa Co., ad valorem tax, senior property tax appraisal, taxpayers 65 and older, assessed value of property frozen for principal residences of 10 years or more, const. amend.
Tuscaloosa County
Last Action
Read for the first time and referred to the House of Representatives committee on Tuscaloosa County Legislation
3/11/2010