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- Info
The initial impact of current-use assessment in Alabama
| Author: |
Krietemeyer, S.W; Flick, W.A ; Hickman, C.A. |
| Date: |
1987 |
| Periodical: |
Assessment Digest |
| 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 that 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 unchanged mileage rates, 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 revenues of 8.80 percent. |
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