HB55 Alabama 2012 Session

Summary

Primary Sponsor

Jeremy OdenAlabama Public Service Commission

Republican

Co-Sponsors

Elwyn ThomasTodd Greeson

Session

Regular Session 2012

Title

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

Summary

HB55 would limit reappraisal frequency for Class II and Class III real property to every four tax years, unless counties fail to meet certain equalization criteria, in which case a full reappraisal would be required.

What This Bill Does

The bill amends Section 40-7-60 to set a maximum four-year interval for reappraising Class II and Class III real property. This is allowed only if a county's equalization level is between 90% and 105% and the coefficient of dispersion is no more than 20, as shown by an annual DoR sales ratio study. If a county does not meet those parameters, all property in that county must be reappraised to current market value plus or minus 2 percentage points, according to the same sales ratio study. The act becomes effective on the first day of the third month after passage and governor approval.

Who It Affects

• Owners of Class II and Class III real property in Alabama, who could see less frequent reappraisals if their county meets the required equalization and dispersion conditions (or a full reappraisal if not).
• County tax assessors and the Alabama Department of Revenue, who would implement the four-year reappraisal cycle, conduct the annual sales ratio studies, and determine whether counties meet the specified parameters.

Key Provisions

• Class II and Class III real property would not be reappraised more often than once every four tax years, provided the county's equalization is 90–105% and the coefficient of dispersion is no greater than 20, as determined by the DoR annual sales ratio study.
• If a county's sales ratio analysis does not meet those parameters, the county must reappraise all property to current market value plus or minus 2 percentage points, per the sales ratio study.
• The bill amends Section 40-7-60 to implement these rules for Class II/III property and to define the new reappraisal schedule.
• The act becomes effective on the first day of the third month after passage and governor approval.

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