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Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-7-62

Property Appraised at Fair and Reasonable Market Value; Basis of Assessment for Ad Valorem Taxes

Official textalison.legislature.state.al.us

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.

Last amended: Acts 1971, 3rd Ex. Sess., No. 160, p. 4404, §3.

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In this chapter (40 sections)
  1. 40-7-38 · Plat Books - All Real Estate
  2. 40-7-39 · Plat Books - Annual Revision
  3. 40-7-40 · Plat Books - Failure to Comply with Sections 40-7-37 through…
  4. 40-7-41 · Plat Books - Where Kept
  5. 40-7-42 · Levy of Taxes from Book of Assessments
  6. 40-7-43 · Duties of Assessor When He Has Reason to Believe Property May…
  7. 40-7-44 · Assessment Against Auctioneers
  8. 40-7-45 · Appeals - Right; Time
  9. 40-7-46 · Appeals - Notice
  10. 40-7-47 · Appeals - Trial
  11. 40-7-48 · Appeals - Judgment of Revaluation
  12. 40-7-49 · Rules and Regulations
  13. 40-7-50 · Voluntary Check-Off Designation for Alabama Association of…
  14. 40-7-55 · Short Form Tax Return; Itemized Listings
  15. 40-7-56 · Optional Personal Property Assessment Link
  16. 40-7-57 · Filing Returns; Penalites and Interest
  17. 40-7-58 · Design and Operation of System; Advisory Committee
  18. 40-7-59 · Alternative Systems
  19. 40-7-60 · Inspection and Supervision of Program; Regulation by Schedule…
  20. 40-7-61 · Procedures and Standards; Contract Work to Be Inspected and…
  21. 40-7-62 · Property Appraised at Fair and Reasonable Market Value; Basis…
  22. 40-7-63 · Time for Completion of Appraisal
  23. 40-7-64 · Department to Prescribe Procedures, Standards, Forms,…
  24. 40-7-65 · Employment of Appraisal Firms as Consultants; Firms or…
  25. 40-7-66 · Consultations with County Governing Bodies and Tax Assessors;…
  26. 40-7-67 · Department May Act When County Fails to Comply; Personnel;…
  27. 40-7-68 · Cost of Program for Equalization of Ad Valorem Taxes to Be…
  28. 40-7-69 · Authority to Issue Revenue Bonds to Finance Program
  29. 40-7-70 · Annual Appropriation to Department; Establishment of Fund to…
  30. 40-7-71 · Department to Certify That County Property Appraised at Fair…
  31. 40-7-72 · Additional Appropriations
  32. 40-7-73 · Avoidance or Frustration of Provisions or Intent of Article
  33. 40-7-74 · Administration of Program
  34. 40-7-75 · Reappraisal of Taxable Property in Marshall County
  35. 40-7-90 · Definitions
  36. 40-7-91 · Legislative Intent
  37. 40-7-92 · Authorization to Issue Warrants
  38. 40-7-93 · Special Pledges for Payment
  39. 40-7-94 · Authorization to Issue Refunding Warrants
  40. 40-7-95 · Warrants to Be Legal Investments for Trust Funds
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