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Annual reappraisals are equal to an annual tax increase. Counties are forced to adjust values without properly examining properties because they cannot accurately appraise them all every year.
Key Messages:
- Reappraisal of real property for taxation should not be done annually, but preferably on a four-year cycle.
- We oppose any change in the property tax classifications or taxable percentages of assessed value.
- It should be mandatory that members of the Tax Equalization Board be real estate owners.
- We recommend that all local Equalization Boards be increased to five members -- at least two being rural property owners and receiving 51 percent of their income from this property.
Background:
The Alabama Department of Revenue determined in 2005 that a federal court ruling from several years ago mandated that property tax reappraisals be conducted on an annual, rather than a quadrennial, basis. New legislation should make it mandatory that property tax reappraisals may not occur more often than once every four years.
Correlating Issues:
- We support a change in Alabama's property tax policy
that does not regard catfish ponds as improvements to land.
- Stocks, bonds, securities, financial instruments and any non chattel property should be taxed just as land and/or improvements are now.
Click here to download a PDF version of this Issue Card.
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Issue Cards
