AL HB308

Mobile County residents aged 65 or older may claim a senior property tax exemption that freezes the assessed value of their single-family owner-occupied residence, provided they have lived there for at least 5 years

The exemption may be claimed beginning October 1, 2027, based on the property's value as of October 1, 2026, and must be filed with the Mobile County Revenue Commissioner between October 1 and December 31

Property additions made after claiming the exemption will be assessed and taxed separately based on their added value, and millage rate changes still apply to the frozen assessment

The income limit for age-based county homestead exemptions in Mobile County increases to $50,000 annual adjusted gross income

Requires voter approval as a constitutional amendment to the Constitution of Alabama of 2022