Margaret owns a home in Tuscaloosa that she uses as her primary residence. She has applied for and received the standard Alabama homestead exemption. Under Alabama law, what is the maximum homestead exemption amount available to Margaret as an individual homeowner?
Correct Answer
C) $15,000
Under Code of Alabama §6-10-2, the basic homestead exemption for an individual homeowner in Alabama is $15,000. This amount protects that portion of the primary residence's value from creditor claims. A married couple may claim up to $30,000, but Margaret as an individual is limited to $15,000.
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