AL HB436

Proposes a constitutional amendment allowing Cullman County residents aged 65 or older to claim a senior property tax exemption that freezes the assessed value of their home at the year prior to claiming the exemption

Property must be single-family owner-occupied residential real estate used as the individual's principal residence for at least 5 consecutive years before first claiming the exemption

Exemption continues as long as the taxpayer maintains the property as their principal residence and does not affect eligibility for homestead or other exemptions

Property remains subject to millage rate changes, and any additions made after claiming the exemption will be assessed and taxed based on their added value

Exemption may be claimed beginning October 1, 2027 (for property value as of October 1, 2026) by filing in writing with the Cullman County Revenue Commissioner between October 1 and December 31; requires voter approval to take effect