Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Individuals under 65 years of age are exempt from up to $4,000 in assessed value of state ad valorem taxes and up to $2,000 in assessed value for the countywide or district ad valorem local exemption taxes for school purposes. At the local option, they may increase the exemption not to exceed $4,000 in assessed value.
How is Benefit Disbursed
Exemption from assessed value
Eligible Property Type
Characteristics of Eligible Property
Up to 160 acres of residential property is eligible.
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.