Under 65 Years of Age Homestead Exemption with Local Option

State

Alabama

Year

2006

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

Individuals receive an exemption of up to $4,000 in assessed value from state ad valorem taxes and up to $2,000 in assessed value for the countywide or district ad valorem taxes for school purposes. Local governments may increase the exemption up to a maximum of $4,000 in assessed value.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Up to 160 acres of residential property is eligible.

Eligibility Criteria

Age

Homeowner

Description of Eligibility Criteria

Individual must be residents of Alabama and not over 65 years of age.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

State and local government share the local tax loss

Description of State Funding for Tax Loss

The state covers the cost of the exemption from state property taxes.

Record ID

AL103_RR06

Footnotes

Sources

Ala. Code § 40-9-19 (b) (in effect for 2006); Ala. Code § 40-9-19 (c) (in effect for 2006)
Homestead Exemption, Morgan County Revenue Commissioner [http://www.morgancountyrevenue.com/learn-about-property-taxes/homestead-exemption Accessed 4/7/2011] View Archived Source

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