HB324 Alabama 2011 Session

Summary

Primary Sponsor

Jeremy Oden Public Service Commission President

Republican

Co-Sponsors

Elwyn ThomasTodd Greeson

Session

Regular Session 2011

Title

Ad valorem tax, Class II and Class III property, reappraisal every four years, Sec. 40-7-60 am'd.

Description

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

This bill would 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.

Show more Show less

Subjects

Taxation