HB215 Alabama 2014 Session

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

To amend Section 40-7-60, Code of Alabama 1975, relating to the reappraisal of property in Alabama, to provide Class II and Class III real property in Alabama would not be subject to reappraisal less than every four years.