HB72 Alabama 2010 Session

Summary

Primary Sponsor

Gerald H. Allen Senator

Republican

Session

Regular Session 2010

Title

Ad valorem tax, reappraisal, Class II and Class III property, time period limited, const. amend.

Description

Under existing law, the Department of Revenue supervises and regulates the periodic reappraisal of all property in Alabama.

This bill would propose an amendment to the Constitution of Alabama of 1901, to provide that Class II and Class III real property in Alabama would not be subject to reappraisal more often than once every four years, provided that the level of equalization for a particular county falls between 90 percent and 105 percent with a coefficient of dispersion of no greater than 20 as determined by an annual sales ratio study conducted by the Department of Revenue.

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Subjects

Constitutional Amendments