AL HB72

Proposes a constitutional amendment to limit reappraisal of Class II and Class III real property in Alabama to once every four years instead of more frequent reappraisals.

Reappraisal frequency limitation applies only when a county's equalization level falls between 90 percent and 105 percent with a coefficient of dispersion of no greater than 20, as determined by annual sales ratio studies conducted by the Department of Revenue.

Amendment requires approval by a majority of qualified electors voting in an election held in accordance with existing constitutional provisions and state election laws.

Election officials must assign a ballot number and display the proposed amendment's description on the ballot with "Yes ( ) No ( )" voting options.