AL SB212

Proposes a constitutional amendment allowing Fayette County residents aged 65 or older to claim a senior property tax exemption that freezes their home's assessed value

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

Exemption continues as long as the taxpayer maintains the property as their principal residence, and remains compatible with homestead and other existing exemptions

Property remains subject to millage rate changes, and any additions/improvements after claiming the exemption will be assessed and taxed separately

Claims may be filed with the Fayette County Revenue Commissioner between October 1 and December 31, beginning October 1, 2027, pending voter ratification