Alabama (Summary)
Last Updated: March 2020
Tax Type: Current Use Tax, Forest Products Severance Tax, and Forest Products Manufacturers Tax
Description: Current use value is based on soil productivity, assessed at 10% of its appraised value. Forest Products Severance tax and manufacturers tax are based on forest products type.
Law: Ala. Code § 40-8-1, Ala. Code §§ 40-7-25.1 to 40-7-25.3, Ala. Code § 9-13-81, Ala. Admin. Code r. 810-4.1-.01
Principal Forest Property Tax Incentive Program
Objective:
Program Requirements
Min/Max Acreage: 5 or more acres, fewer than 5 acres requires county tax assessors to request additional information, including forest site management plans.
Min. Stocking Growth: N/A
Forest Management Plan: Optional (varies by county)
Duration of Enrollment: N/A
Penalties for Use Change: The property shall be revalued at current market value, taxes will be due based on the sales price or the fair and reasonable market value of such property at the time of its conversion, whichever is greater, for the preceding 3 ad valorem tax years.
Program Administration
State: Alabama Department of Revenue; Alabama Forestry Commission
County Tax Assessor: To qualify for assessment based on current use value, an owner of forest property must submit an application to the tax assessor for the county in which the property is located no later than January 1 of the first taxable year for which special assessment is sought.
University: N/A
Landowner: N/A
For a more in-depth discussion of Alabama property taxes click here!