AL HB573

Proposes a constitutional amendment allowing Perry County residents age 65 or older to claim a senior property tax exemption that freezes the assessed value of their home

Property must be owner-occupied, single-family residential, and used as the individual's principal residence for at least 5 years prior to claiming the exemption

Exemption may first be claimed beginning October 1, 2027, based on the property's October 1, 2026 assessed value, with claims filed with the Perry County Revenue Commissioner between October 1 and December 31

Property remains subject to millage rate changes and any additions to the property are taxed based on the increased assessed value

Requires approval by a majority of qualified electors voting in a referendum election