§ 45-37A-510.02 — Ad Valorem Taxation for Public School Purposes

Alabama § 45-37A-510.02

• Jurisdiction: Alabama
• Title 45: Local Laws
• Ch. 37A: Jefferson County Municipalities
• Art. 51: Vestavia Hills
• Part 1: Taxation

Text

(a) The following words and phrases have the following meanings:
(1) AMENDMENT 56. Amendment 56 to the Constitution of Alabama of 1901, now appearing as Section 216.04 of the Constitution of Alabama of 2022.
(2) AMENDMENT 325. Amendment 325 to the Constitution of Alabama of 1901, now appearing as Section 217 of the Constitution of Alabama of 2022.
(3) AMENDMENT 373. Amendment 373 to the Constitution of Alabama of 1901, now appearing as Section 217 of the Constitution of Alabama of 2022.
(4) CITY. The City of Vestavia Hills.
(5) CITY COUNCIL. The City Council of the City of Vestavia Hills.
(6) SPECIAL TAX. The special ad valorem tax for public school purposes authorized in Amendment 56 and pursuant to elections held in the city on April 28, 1970; May 8, 1990; and March 11, 2014; and levied and collected on taxable property in the city, being originally levied at the rate of 7.5 mills on each dollar of assessed value and, pursuant to proceedings heretofore taken under Amendment 325 and Amendment 373, presently levied at the rate of 25.6 mills on each dollar of assessed value.
(b)
The city presently levies and collects the special tax at a rate of $2.56 on each one hundred dollars ($100) (25.6 mills on each dollar) of assessed value. Pursuant to a resolution adopted by the city council in accordance with Amendment 373, the city proposes to increase by 9.8 mills the rate at which it may levy and collect the special tax to a maximum rate, for any tax year, which is equal to $3.54 on each one hundred dollars ($100) (35.4 mills on each dollar) of assessed value.
(c)
Pursuant to subsection (f) of Amendment 373, and a resolution adopted by the city council after a public hearing, the city council may increase the rate at which the city levies and collects the special tax to a maximum rate, for any tax year, which is equal to $3.54 on each one hundred dollars ($100) (35.4 mills on each dollar) of assessed value.
(d)
The increase in the rate at which the special tax may be levied and collected pursuant to this section is subject to the approval of a majority of the qualified electors residing in the city who vote on the proposed increase at a special election called and held for that purpose pursuant to subsection (f) of Amendment 373
.

Legislative History

(Act 2023-23, §§1-4.)