summary
Introduced
02/06/2024
02/06/2024
In Committee
04/17/2024
04/17/2024
Crossed Over
04/09/2024
04/09/2024
Passed
05/08/2024
05/08/2024
Dead
Signed/Enacted/Adopted
05/16/2024
05/16/2024
Introduced Session
Regular Session 2024
Bill Summary
Real Property Tax Assessment
AI Summary
This bill proposes to limit the increase in assessed value of certain types of real property in Alabama following a county-wide reappraisal. Specifically, it would cap the increase in assessed value for Class III properties (residential) at 3% and for Class II properties (commercial/industrial) at 5% from the previous year's assessed value. However, these limits would not apply to properties that have never been assessed, properties with substantial improvements including new construction, or properties that have changed ownership.
Committee Categories
Budget and Finance
Sponsors (23)
Phillip Pettus (R)*,
Chip Brown (R),
Terri Collins (R),
Danny Crawford (R),
Anthony Daniels (D),
Jennifer Fidler (R),
Donna Givens (R),
Ben Harrison (R),
Leigh Hulsey (R),
Reed Ingram (R),
Nathaniel Ledbetter (R),
Paul Lee (R),
Craig Lipscomb (R),
Joe Lovvorn (R),
Parker Moore (R),
Ed Oliver (R),
Rex Reynolds (R),
Phillip Rigsby (R),
Ginny Shaver (R),
Randall Shedd (R),
Mark Shirey (R),
Matt Simpson (R),
Shane Stringer (R),
Last Action
Enacted (on 05/16/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
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