Alabama Caps Increases on Taxable Assessed Property Values; Kansas Legislators Couldn't Agree on Methodology - The Sentinel

Alabama caps increases on taxable assessed property values; Kansas legislators couldn't agree on methodology - The Sentinel

The State of Alabama will apply a 7% annual cap on increases in taxable assessed property value this year, the result of legislation passed and signed into law last year. The Alabama law applies the cap to agricultural, commercial, and owner-occupied residential properties. The new law took effect on October 1, 2024, and Alabamians will notice the change when tax bills are sent out this October. The law has a sunset provision after three years, …

Assessed value of county real estate is up, but growth sluggish

The assessed value of real estate in Santa Clara County grew sluggishly this year, largely due to persistent issues in the commercial real estate market, according to a new report from the county assessor’s office. The post Assessed value of county real estate is up, but growth sluggish appeared first on Palo Alto Online.