The proposed bill seeks to amend the Constitution of Alabama of 2022 to allow qualified taxpayers aged 65 and older in Clarke County to claim a senior property tax exemption on their real property. This exemption applies to single-family owner-occupied residential properties that have been the principal residence of the individual for at least five years prior to the tax year in which the exemption is claimed. The amendment stipulates that the assessed value of the property will be frozen at the value from the year before the exemption is claimed, and it outlines specific conditions under which the exemption can be maintained, such as continued use of the property as the principal residence and eligibility for other exemptions.

Additionally, the bill includes provisions for the claiming process, stating that the exemption can be claimed starting October 1, 2027, for the property value as of October 1, 2026, and must be submitted in writing to the Clarke County Revenue Commissioner between October 1 and December 31. The amendment also clarifies that any additions to the property after claiming the exemption will be subject to ad valorem tax based on the increase in assessed value. The bill will be put to a vote, and if approved by a majority of qualified electors, it will become part of the Constitution of Alabama of 2022.