- (1) Purpose - This rule is issued pursuant to the authority contained in §§40-7-64 and 40-2-11, Code of Ala. 1975, for the purpose of establishing guidelines, procedures, and a definite schedule for the annual equalization of real property values for ad valorem tax purposes.
- (2) Procedures - All property values will be adjusted on an annual basis to reflect current market value as of October 1st of each year, as prescribed in Addendum O (Annual Equalization Procedures) of the Property Tax Plan for Equalization (ADV-1), as it may be amended from time to time.
Author: Derrick Coleman
Statutory Authority: Code of Ala. 1975, §§40-2A-7(a)(5), 40-2-11, 40-7-64, 40-11-1.5.
History: Repealed and New Rule: Filed October 17, 2018; effective December 1, 2018.