The proposed amendment to the Constitution of Alabama of 2022 seeks to establish a senior property tax exemption for qualified taxpayers aged 65 and older in Lauderdale County. Under this amendment, eligible individuals can claim an exemption on their real property, provided it is classified as single-family owner-occupied residential property and has been their principal residence for at least five years prior to the tax year in which they first claim the exemption. The assessed value of the property will be frozen at the amount from the year before the exemption is claimed, and the exemption can be claimed starting October 1, 2025, for property values as of October 1, 2024.

The amendment outlines specific conditions for maintaining the exemption, including the requirement that the taxpayer continues to use the property as their principal residence. It also clarifies that the property will remain subject to any changes in millage rates and that any additions to the property after claiming the exemption will be assessed separately for tax purposes. The amendment must be claimed in writing with the Lauderdale County Revenue Commissioner between October 1 and December 31. The bill includes provisions for an election to be held to ratify the amendment, with a ballot description provided for voters.