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 Covington 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 claiming the exemption. The assessed value of the property will be frozen at the amount from the year before the exemption is claimed. The amendment outlines specific conditions for maintaining the exemption, including continued use of the property as a principal residence and eligibility for other exemptions.

Additionally, the amendment stipulates that any increases in assessed value due to property additions after claiming the exemption will still be subject to ad valorem tax. The exemption can be claimed starting October 1, 2027, for the property value as of October 1, 2026, and must be filed in writing with the Covington County Revenue Commissioner between October 1 and December 31. The bill also includes provisions for the election process to ratify the amendment, which will require a majority vote from qualified electors. The language of the amendment includes nonsubstantive revisions for clarity and uniformity, but no deletions from current law are specified.