Exemptions:
REGULAR HOMESTEAD applies to single family property owners under 65 years of age (Owner MUST occupy dwelling). The exemption is $4,000.00 assessed value on State, and $2,000.00 assessed value on County. You must come in and assess the property the first time only. This procedure is required one time and is on automatic assessment each year thereafter, unless a change has been made to the property.
ACT 48 - TOTAL EXEMPTION applies to property owners 65 years old or over or totally and permanently disabled, whose net taxable income is $7,500.00 or less as shown on prior years joint federal income tax return (including spouse's income). This exemption is for homestead property taxes only.
ACT 91 - HOMESTEAD applies to property owners 65 years old or over, totally disabled, or blind whose adjusted gross income is $12,000.00 or less on your prior year's Joint Alabama State Income Tax Return only (including spouses income). The exemption is for all state, school district and county taxes up to $5,000.00 in assessed value. Municipal taxes are not exempt.
If state income is over $12,000, you are eligible for total exemption on the state amount of taxes and $2,000.00 assessed value on county. This exemption is for homestead property only.
Exemption should be applied for between October 1 - December 31 each year and will be applied to next year's bill. Click here for Affidavit to Claim Ad Valorem Tax Exemption Form.
**For your convenience you may print out this form and complete the information prior to signing and returning to the Revenue Commissioner
|