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Alabama Homestead Exemption
The State of Alabama provides a Homestead Exemption or reduced tax for a property owner that owns a single-family residence and occupies it on the first day of the tax year for which they are applying. This reduced tax is less than one half that of the non homestead tax rate.
Rule 1 is that the owner must qualify; Rule 2 is that the owner must claim homestead before the deadline. Stated differently:
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Rule 1: To qualify, the property must be owner-occupied as a homestead on October 1, 2005. If the house is empty on October 1, there will be no homestead exemption on the October 1, 2006 tax bill.
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Rule 2a: If the new owner/buyer is living in the property on October 1, he must also claim his homestead exemption by December 31.
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Rule 2b: If the seller is living in his homestead but sells it after October 1, the new owner does not need to worry about the December 31 deadline so long as he claims homestead before next fall. Naturally, he should claim homestead as soon as possible.
October buyers will not get a 2006 homestead exemption if they buy from an investor or if the seller claimed homestead but has already moved out. So, negotiate and schedule move-in/move-out dates appropriately.
How to apply for Alabama Homestead Exemption.
Two to six weeks after the purchase of your new home, You will receive a copy of the recorded deed from the closing attorney or title company. Take the deed aong with photo identification to the one of the following locations and fill out a simple form to receive homestead exemption status.
Madison County tax assessor's office
Madison County Courthouse
1st floor (Room 121)
100 Northside Sq
Huntsville, AL 35801-4800
Click for Map
Parkway Place Mall
2801 Memorial Pkwy Sw
Huntsville, AL 35801-6519
Click for Map
Bruno's Madison/Highway 72 West
8050 Highway 72 W
Madison, AL 35758-9567
Click for Map
Bruno's Bailey Cove/Weatherly Road
9020 Bailey Cove Rd Se
Huntsville, AL 35802-4002
Click for Map
Flint Crossing Meridianville/Highway 231/431
12290 Highway 231 431 N
Meridianville, AL 35759-1200
Click for Map
The tax year is from October 1 through September 30. Property Taxes Are Due Oct. 1 of each year and become delinquent Jan. 1.
The amount of taxes owed can be estimated by multiplying the tax rate below by the value of the property and then subtracting $48. To estimate the amount of taxes without homestead exemption, multiply the tax rate below by the valye of the home and then multiply by 2.
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| Huntsville City |
.00580 |
| Madison |
.00575 |
| Gurley |
.00405 |
| Triana |
.00495 |
| Owens Cross Roads |
.00405 |
| New Hope |
.00405 |
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Madison County |
.00365 |
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Find out what your home value is, get a free estimate home value evaluation and find home value for your property in today’s Huntsville, Madison Madison County Real Estate Market. Our trained staff will estimate home value for your home and determine your home market value. Please note that this free home value is only for properties in The Greater Huntsville, Madison, Hampton Cove and Madison County area. This home value appraisal is provided as a free service so homeowners may get home value for their properties that they may consider selling. This is not a home value calculator but an actual market survey performed by an experienced realtor.real estate link exchange.
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