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- Info
Reflections on Alabama's current-use property tax
| Author: |
Flick, W.A. |
| Date: |
1988 |
| Periodical: |
In: Forest Taxation: Adapting in an Era of Change; 1988 May 20-22; Atlanta, GA. Madison, WI: Forest Products Research Society. |
| Abstract: |
To examine the initial impact of Alabama's current use assessment law, the 1982 tax records of program participants were sampled. Estimates of the level of program participation, tax bills under fair market value and current-use appraisals, and forgone county revenues were calculated. Participation rates varied widely among counties, primarily due to variance in the tax savings which landowners would receive. On average, sampled participants paid 54.4, 41.2, and 44.9 percent less per acre of crop, pasture, and forest land, respectively, than they would have without current-use assessment. Assuming that mileage rates would have been unchanged, the average county would have received an estimated $200,757 in additional revenues in the absence of current use, representing a forgone increase in county revenue of 8.8 percent. |
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