HB324 Alabama 2011 Session

Summary

Primary Sponsor

Jeremy OdenAlabama Public Service Commission

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.

Summary

The bill would limit how often Class II and Class III real property is reappraised to no more than once every four tax years, if county equalization and dispersion meet specified thresholds.

What This Bill Does

It changes the reappraisal schedule for Class II and Class III property by tying it to county performance. If a county's equalization is between 90% and 105% and its coefficient of dispersion is 20 or less, as determined by the Department of Revenue's annual sales ratio study, those properties would not be reappraised more often than once every four tax years. If a county does not meet those thresholds, all property in that county would have to be reappraised to current market value plus or minus 2 percentage points, per the sales ratio study. The changes would take effect on the first day of the third month after the bill becomes law.

Who It Affects

• Owners of Class II and Class III real property in Alabama, who would see different reappraisal frequencies depending on their county's thresholds.
• Counties that meet the thresholds would have less frequent reappraisals (every four tax years) for those property classes.
• Counties that do not meet the thresholds would be required to reappraise all property to current market value plus or minus 2 percentage points.
• Alabama Department of Revenue, which would continue to conduct the annual sales ratio study used to determine thresholds.

Key Provisions

• Amends Section 40-7-60 to set that Class II and Class III property shall not be reappraised more often than once every four tax years if county equalization is 90-105% and coefficient of dispersion is no greater than 20 as determined by the department's annual sales ratio study.
• If a county's sales ratio analysis falls outside those parameters, the county must reappraise all property to current market value plus or minus 2 percentage points as reflected by the sales ratio study.
• Effective date: the act becomes law on the first day of the third month following passage and approval by the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Taxation