Be sure to provide your address and telephone number. Homestead Exemption I May be claimed on your principal residence, regardless of age or income. For homestead exemption II and III, the taxpayer must file and sign their assessment each year to remain eligible. Current Use Value Current use value is an exemption which applies to class III property. Upon application, the property is taxed based on value to the owner without consideration of the potential value of the property.
Current use is applied most comonly to farm land.
After as assessed value has been placed on your property the amount of taxes is determined by multiplying the correct tax rate by the assessed value then subtracting the proper exemptions. Talladega Springs 34.0 mills Dist. Tax Collection Taxes are due 1st of October and are delinquent after the 31st of December. Ask your mortgage company to pay your bill. Failure to pay property tax results in tax sale of property.