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 Mobile County. Under this amendment, eligible individuals can claim an exemption on their principal residence, provided they have owned and occupied the property for at least five years prior to claiming 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, 2027, for the property value as of October 1, 2026. Additionally, the amendment allows for continued eligibility for other homestead exemptions and specifies that any increases in assessed value due to property additions will still be subject to ad valorem tax.

Furthermore, the bill proposes to raise the income limit for certain homestead exemptions in Mobile County to $50,000, as indicated on the most recent state income tax return or other appropriate evidence. The amendment will be presented to voters in an election, and if approved by a majority, it will be incorporated into the Constitution of Alabama of 2022. The bill includes provisions for the election process and the necessary administrative adjustments to the constitutional text following ratification.