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Property Reappraisals
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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