Alabama Statutes
§ 40-7-62 — Property Appraised at Fair and Reasonable Market Value; Basis of Assessment for Ad Valorem Taxes
Alabama·Title 40 Revenue and Taxation·Ch. 7 Assessment of Taxes Generally·Art. 2 Statewide Property Reappraisal·Div. 1 General Provisions
Each county governing body of this state, through its respective tax assessor, shall have the property of such county appraised at its fair and reasonable market value, which fair and reasonable market value shall be the basis of assessments for ad valorem taxes.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 40-7-62 (Property Appraised at Fair and Reasonable Market Value; Basis of Assessment for Ad Valorem Taxes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1971, 3rd Ex. Sess., No. 160, p. 4404, §3.)
Nearby Sections
15
§ 40-1-1
Definitions§ 40-1-14
Payment of Court Costs§ 40-1-2
Lien for Taxes - Generally§ 40-1-23
Liability of Officers for Conversion