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 value from the year before the exemption is claimed, and the exemption can be claimed starting October 1, 2025, for the property value as of October 1, 2024.

The amendment outlines several conditions for maintaining the exemption, including the requirement that the taxpayer continues to use the property as their principal residence and remains eligible for other exemptions. Additionally, any increases in assessed value due to property additions after claiming the exemption will still be subject to ad valorem tax. The amendment will be presented to voters in an upcoming election, with a ballot description indicating its purpose and implications. The bill includes an insertion of the date "30-Apr-24" to indicate when it was passed by the Senate, but does not specify any deletions from current law.