AD VALOREM TAXATION OF PROPERTY Sec

Level 1 freeport exemption; referendum. Homestead exemption for senior citizens. Homestead exemption for unremarried surviving spouse of peace officer or firefighter killed in the line of duty. Level 2 freeport exemption; application; filing; renewal. Level 2 freeport exemption; referendum. Freeport exemptions; determination of timely filing; recourse for improper determinations. Determination of eligibility of applicant for homestead exemption; appeal. Homestead value credited with exemption; approval of correctness of value, exemption, and difference. Claim and return of constitutional or local law homestead exemptions from county taxes, county school taxes, or municipal or independent school district taxes. Fraudulent claim of homestead exemption under Code Sections 48-5-44 through 48-5-50; penalty. Exemption from ad valorem taxation for educational purposes of homesteads of qualified individuals 62 or older; application; replacement of revenue. Exemption from ad valorem taxation for state, county, municipal, and school purposes of homesteads of unremarried surviving spouses of U.S. servicemembers killed in action. Falsification of information required by Code Section 48-5-52; penalty. Application of homestead exemptions to properties with multiple titleholders 48-5-55. 48-5-56. and properties held by administrators, executors, or trustees. Continuation of constitutional exemptions from ad valorem taxation. Notice of homestead exemptions from ad valorem taxation to accompany bill for ad valorem taxes on real property. PART 2 TAX DEFERRAL FOR THE ELDERLY 48-5-70. 48-5-71. 48-5-72. 48-5-73. 48-5-74. 48-5-75. 48-5-79. 48-5-80. 273 Short title. Definitions. Homestead tax deferral for individuals 62 or older; demonstration of compliance with part. Alternative to tax deferral authorized by Code Section 48-5-72; burden on applicant to demonstrate compliance. Limitations on grant of homestead tax deferral. Application for homestead tax deferral; decision by tax official; appeal procedure. Rate of interest on amount of deferred taxes; time of accrual of interest on deferred taxes. Deferred taxes and interest constitute prior lien; effect of award for year’s support on liens for deferred taxes. Annual notification to property owner of sum of deferred taxes and interest outstanding. Change in ownership or use of, or failure to maintain insurance on, tax-deferred homestead; payment of deferred taxes, interest, and unsatisfied liens. Prepayment of deferred taxes and accrued interest; partial payments. Distribution of deferred tax and interest payments; duty Sec. Sec. 48-5-83. 48-5-84. to keep record of property and amount of payment. Payment by holder of deed to secure debt or by mortgagee; effect on right to foreclose. Prohibition of clauses preventing applications for homestead tax deferral; exceptions. Construction of part. Penalties for willfully filing incorrect information. 48-5-121. 48-5-122. 48-5-123. 48-5-124. 48-5-125.