Title 40 — Title 40
0 chapters · 2,056 sections in this title.
Ala. Code § 40-8-1 Classification of Property; Assessment Rate
9.1K chars
(a) On and after October 1, 1978, with respect to ad valorem taxes levied by the state, and, unless otherwise provided, with respect to ad valorem taxes levied by a county, municipality, or other taxing authority other than the state, all taxable property shall be divided into th…
Ala. Code § 40-8-2 Rate of Taxation - Established
0.2K chars
The rate of taxation for state purposes shall be sixty-five one-hundredths of one percent per annum on the assessed value of the taxable property within this state. History: (Acts 1935, No. 194, p. 256; Code 1940, T. 51, §18.)
Ala. Code § 40-8-3 Rate of Taxation - Allocation
0.9K chars
There is hereby levied for the purpose and upon the property hereinafter named and not specifically exempted from taxation annual taxes, as follows: (1) For the maintenance of the public schools of this state, $.30 on each $100 of the assessed value of taxable property. (2) For t…
Ala. Code § 40-8-4 Assessment Ratios for Purposes of Local Taxation
4.6K chars
(a) During the ad valorem tax year beginning October 1, 1978, with respect to any ad valorem tax levied by a county, municipality, or other taxing authority other than the state, the governing body of any such county, municipality, or other taxing authority may at any time, effec…
Ala. Code § 40-8-5 Credit Against Tax Liability for Certain Taxpayers Whose Property Has Been Reassessed
0.6K chars
Each taxpayer who was assessed and who paid a higher amount of state, county, or municipal ad valorem tax as a result of the completion of a countywide property reappraisal, and the implementation of the newly appraised property values as the tax base in that county, between Octo…