HB341 Alabama 2021 Session

Summary

Primary Sponsor

David FaulknerRepresentative

Republican

Session

Regular Session 2021

Title

Ad valorem tax, appraisal value increase on real property for single family owner-occupied residential, limited to three percent, carry over of excess, const. amend.

Summary

HB341 would amend the Alabama Constitution to cap annual increases in the appraised value for ad valorem taxes on single-family, owner-occupied homes at 3%, with any excess carried forward to future years.

What This Bill Does

It limits how much the real-property portion of the home’s appraised value used for ad valorem taxes can rise in any tax year to 3%. If the value would increase more than 3%, the extra amount is carried forward and added to the next year's appraised value, but the total increase in that year still cannot exceed 3%. The carry-forward mechanism continues into future years under the same 3% cap.

Who It Affects

• Homeowners of single-family, owner-occupied residences in Alabama would see their property tax base limited to a 3% annual rise in appraised value for ad valorem taxes.
• Local governments and property tax assessors in Alabama would administer the cap and carry-over rule, adjusting appraised values and tax calculations accordingly.

Key Provisions

• Applies to the real property component of the value of single-family owner-occupied residential property for ad valorem tax purposes.
• Annual cap on increases in appraised value is 3% for each tax year.
• Any excess above 3% is carried forward to the next year's appraised value and added to it, with the condition that the total increase for that year does not exceed 3%.
• The amendment would be presented to voters for approval in a statewide election.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Constitutional Amendments