Legal Question in Real Estate Law in Alabama

Re: Homestead Law

The benefit of homesteading your personal residence is the tax break it affords. Once you have claimed the homestead exemption on your personal residence, you are entitled to a credit equalling approximately 50% of your assessed tax amount on your property taxes. Filing for the exemption costs you nothing, other than a trip to your county tax assessor's office, and you are then qualified for the exemption as long as you own the property.