HB198 Alabama 2013 Session

Summary

Primary Sponsor

Todd Greeson

Republican

Session

Regular Session 2013

Title

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

Summary

HB198 would limit reappraisal of Class II and Class III real property to once every four tax years, unless a county’s equalization metrics fail to meet specific thresholds, in which case a full reappraisal would be required.

What This Bill Does

The bill changes how often Class II and Class III property can be reappraised by setting a maximum of four tax years between reappraisals, but only if a county’s equalization level is between 90% and 105% and the dispersion (variability) is at most 20, as determined by an annual sales ratio study by the Department of Revenue. If a county’s metrics do not meet these parameters, the county must reappraise all property to current market value plus or minus 2 percentage points, according to the study. The Department of Revenue would still conduct the required sales ratio studies to determine these parameters.

Who It Affects

• Owners of Class II and Class III real property in Alabama, whose property tax reappraisal frequency may be limited to once every four tax years if their county meets the specified equalization and dispersion thresholds.
• Counties in Alabama, which must meet the equalization and dispersion thresholds to allow the four-year reappraisal cycle; if not, they must reappraise all property to current market value +/- 2 percentage points.

Key Provisions

• Amends Section 40-7-60 to limit reappraisal of Class II and Class III real property to once every four tax years.
• Requires counties to meet parameters: equalization between 90% and 105% and coefficient of dispersion no greater than 20, as shown by an annual sales ratio study by the Department of Revenue.
• If a county’s sales ratio analysis does not meet the parameters, the county must reappraise all property to current market value plus or minus 2 percentage points, per the sales ratio study.
• Effective date: the act becomes effective on the first day of the third month after 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