HB590 Summary

• Proposes a constitutional amendment for Jefferson County authorizing residents age 65 or over to claim a senior property tax exemption on single-family owner-occupied residential property.

• Exemption eligibility requires the property to be the taxpayer's principal place of residence for at least 5 years immediately prior to claiming the exemption, freezing the assessed value at the year before exemption begins.

• Taxpayers claiming the exemption remain eligible for homestead exemptions and other authorized exemptions, and the property continues to be subject to millage rate changes.

• Assessed value of any property additions made after claiming the exemption shall be added to the frozen base value and subject to ad valorem taxation on the increase only.

• Election on the proposed amendment shall be held in accordance with Alabama Constitution Sections 284 and 284.01 and state election laws; House passed April 13, 2021 and Senate passed April 29, 2021.