HB215 Alabama 2014 Session

Summary

Primary Sponsor

Todd Greeson

Republican

Session

Regular Session 2014

Title

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

Summary

HB215 would limit reappraisal of Class II and Class III real property to once every four tax years, under certain county-wide assessment quality thresholds.

What This Bill Does

The bill changes the reappraisal schedule for Class II and Class III real property by setting a maximum of once every four tax years, but only if a county’s equalization is between 90% and 105% and the coefficient of dispersion is no greater than 20, as shown by the Department of Revenue’s annual sales ratio study. If a county’s ratios fall outside these parameters, that county must reappraise all property to current market value plus or minus 2 percentage points, based on the same sales ratio study. The Department of Revenue would oversee the reappraisal process and the thresholds, and the act would take effect on the first day of the third month after being enacted.

Who It Affects

• Owners of Class II and Class III real property, who may see less frequent reappraisals if their county meets the thresholds.
• Counties, which could either maintain the four-year cycle or be required to reappraise all property to current market value +/- 2 percentage points if thresholds are not met.
• The Alabama Department of Revenue, which would determine and apply the annual sales ratio study thresholds and supervise reappraisal schedules.

Key Provisions

• Amends Section 40-7-60 to change how often Class II and Class III real property are reappraised (not more often than once every four tax years).
• Requires county four-year cycle only if a county’s equalization level is 90%–105% and the coefficient of dispersion is no greater than 20, as determined by the Department of Revenue’s annual sales ratio study.
• If a county’s ratios fall outside the specified parameters, the county must reappraise all property to current market value plus or minus 2 percentage points, per the sales ratio study.
• Declares the act’s effective date as the first day of the third month following passage and governor’s 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