Found 2 blog entries tagged as homestead exemption.


You may be wondering about property taxes in Alabama along with what homestead means in the real estate industry. Here we discuss the basics of Alabama property tax and how it effects the process of buying a home in Huntsville, AL. We also discuss what homestead means, the advantages of homesteading real estate, and how much you can save with homestead exemption. 

Alabama Property Taxes Explained

Know The Basics About Property Taxes.

If you own a house in Alabama, you will likely pay property tax every year. This means that you will receive a bill at the end of each year. It also means that you will have to pay property taxes even if you rent out your home. Property taxes are prorated at closing; not paying attention to the homestead laws can…

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How Does Homestead Exemption Work in Madison County?


Homestead Exemption is a “tax break” offered by the state of Alabama to property owners. Property owners are entitled to homestead exemption if they own a single-family residence and occupy it as their primary residence. In Alabama, owners must live in the residence prior to October 1st of the tax year of which the property owner is applying.

Receiving a homestead exemption is important, because it can greatly reduce your tax liability. The deadline to apply is December 31st of the tax year in which you would like to receive the homestead exemption.

To apply for a homestead exemption, you need to bring proper documentation to your local courthouse and apply for the tax exemption.

Proper…

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