Alabama DOR Proposes Adopting Rule on Uniform Procedures for the Limitation on Assessed Value Increases for Real Property

The Alabama Department of Revenue (DOR) June 28 proposed adopting a rule on uniform procedures for the limitation on assessed value increases for real property. The proposal establishes the procedures and guidelines for counties to limit increases in the assessed values of certain classes of property for ad valorem tax purposes. The application of the limitation is a new step added to the property tax administration process. Comments are due by Aug. 6. [Ala. Dep’t of Revenue, Proposed Reg. Section 810-4-1-.28, 06/28/24 Ala. Admin. Monthly]