4 Year Property Appraisals Not That Easy

The Press-Register had a piece yesterday saying that even though many people (and consequently most politicians) say they are in favor of going back to property appraisals every four years instead of annually, it’s not that easy.

First, if legislators and Gov. Bob Riley, who also prefers four-year intervals, change the law, it must be able to pass legal muster. The federal court case that led to the annual appraisals — contrary to the popular and incorrect belief that it was all the governor’s fault — made it clear that the law requires that all counties and properties be treated equally and assessed according to fair market value.

Worth a read if this is a topic of interest to you.

Also, fyi, several a months ago a county tax official outlined the pros and cons of annual property tax revaluations for the Political Parlor.

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• Pros & Cons of Annual Property Tax Reappraisals