Where Real Estate is a Relationship!

There is a plus - you are entitiled to a "Homestead Exemption" (tax discount) on your taxes if you are actually living in your home (not investment) and if it is your primary residence. The tax year in Alabama is from October 1 - September 30 and the tax year is in rears. At closing there will be a credit given to the purchaser in order to pay the taxes for the time period that the seller has occupied the property during the tax year.

Upon recieving your deed in the mail take it to the courthouse or any courthouse annex to apply for your homestead exemption. This must be completed by December 31 of the year the home was purchased. Don't wait! "When you see Blue, go do it" otherwise your taxes will be double the amount because it will be classified as investment property.