The State of Alabama is a situs state for the taxability of personal property; therefore, if property is located in the state on October 1 (the lien date), the property is taxable unless specifically exempted.
The State of Alabama has constitutional and statutory exemptions.
Does Alabama have personal property tax on vehicles?
As specified by law (Code of Alabama 40-8-1), the assessed value of automobiles for tax purposes is either 15% or 20% of the market value.
Does Alabama have homestead exemption?
Homestead Exemption 2 is available to all citizens of Alabama who own and occupy single-family residences, including manufactured homes, as their primary residences, use their property for no other purposes AND who are legally blind (“20/200”) or age 65 and older with an annual adjusted gross income of $12,000 or less
Does Alabama have a property tax?
Alabama property taxes and tax rates among lowest in nation. The state of Alabama has a median effective property tax rate of 3.33 (i.e. $3.33 per $1,000 of property value), well below the national median of 10.35. Alabama’s median value of real estate tax is $398, whereas the national median is $1,917.
Who is exempt from paying property taxes in Alabama?
If you are over 65 years of age, or permanent and totally disabled (regardless of age), or blind (regardless of age), you are exempt from the state portion of property tax. County taxes may still be due. Please contact your local taxing official to claim your homestead exemption.