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AL SB371

Bill

Official Source

Status

Introduced

3/17/2026

Primary Sponsor

Sam Givhan

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Proposes a constitutional amendment allowing Madison County residents aged 65 or older to freeze their property's assessed value for ad valorem tax purposes
  • Requires the property to be single-family owner-occupied residential property used as the individual's principal residence for at least 5 consecutive years before claiming the exemption
  • Exemption continues as long as the taxpayer uses the property as their principal residence; property remains subject to millage rate changes and any additions will be taxed at their new assessed value
  • Claims must be filed in writing with the Madison County Revenue Commissioner between October 1 and December 31, beginning October 1, 2027
  • Requires approval by a majority of qualified electors voting on the amendment

Legislative Description

Madison County; senior property tax exemption authorized; constitutional amendment

Madison County

Last Action

Pending House Madison County Legislation

3/31/2026

Committee Referrals

Madison County Legislation3/31/2026
Madison County Legislation3/17/2026

Full Bill Text

No bill text available