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What is homestead exemption and how can I apply?

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What is homestead exemption and how can I apply?

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Homestead Exemption is granted to all Class III single family owner occupied properties. This exemption allows the property owner to deduct up to $4,000.00 in state tax and $2,000.00 in county tax from the total assessed value of the property. How do I apply for this exemption • You must own and occupy the property as your primary residential address. • You must visit one of our office locations to sign an assessment sheet. Under Alabama State Tax Law, only one Homestead Exemption is granted regardless of how much property is owned in the state. This exemption does not require annual renewal however, the exemption is non-transferrable. New owner application is required. Depending on the date of application, your exemption may take effect during the next tax billing cycle.

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