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"Real Estate Handbook: Land Laws of Alabama has long been the reference Alabama lawyers and real estate agents rely on. It consists of a digest of statutes and cases on a wide variety of Alabama real estate topics, plus a set of more than 250 sample forms that may be used in typical real estate transactions"--
States experiencing taxpayer revolts among homeowners are tempted to reduce reliance on the property tax to fund schools. But a more targeted approach can provide property tax relief and improve state funding for public education. This policy focus report includes a comprehensive review of recent research on both property tax and school funding, and summarizes case studies of seven states-- California, Massachusetts, Michigan, New Hampshire, New Jersey, Ohio and Texas. The majority of these states are heavily reliant on property tax revenues to fund schools. While there is no one-size-fits-all solution, the report recommends addressing property taxes and school funding separately.
The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.
This policy focus report examines options that exist for timely and efficient aid to needy taxpayers, including circuit breaker programs that reduce taxes based on income level; truth in taxation measures; deferral options on property tax payments; partial exemptions on owner-occupied or homestead properties; and classified tax rates.
This book examines the issues and consequences of a declining property tax base with respect to local government autonomy. Some of the nation's leading scholars provide their views on how the property tax effects intergovernmental relations, local autonomy, and education finance. --from publisher description
When General Ormsby Mitchel and his Third Division, Army of the Ohio, marched into North Alabama in April 1862, they initiated the first occupation of an inland region in the Deep South during the Civil War. As an occupying force, soldiers were expected to adhere to President Lincoln's policy of conciliation, a conservative strategy based on the belief that most southerners were loyal to the Union. Confederate civilians in North Alabama not only rejected their occupiers' conciliatory overtures, but they began sabotaging Union telegraph lines and trains, conducting guerrilla operations, and even verbally abusing troops. Confederates' dogged resistance compelled Mitchel and his men to jettison conciliation in favor of a "hard war" approach to restoring Federal authority in the region. This occupation turned out to be the first of a handful of instances where Union soldiers occupied North Alabama. In this first book-length account of the occupations of North Alabama, Joseph Danielson opens a new window on the strength of Confederate nationalism in the region, the Union's evolving policies toward defiant civilians, and African Americans' efforts to achieve lasting freedom. His study reveals that Federal troops' creation of punitive civil-military policies-arrests, compulsory loyalty oaths, censorship, confiscation of provisions, and the destruction of civilian property-started much earlier than previous accounts have suggested. Over the course of the various occupations, Danielson shows Union soldiers becoming increasingly hardened in their interactions with Confederates, even to the point of targeting Rebel women. During General William T. Sherman's time in North Alabama, he implemented his destructive policies on local Confederates a few months before beginning his "March to the Sea." As Union soldiers sought to pacify rebellious civilians, African Americans engaged in a host of actions to undermine the institution of slavery and the Confederacy. While Confederate civilians did their best to remain committed to the cause, Danielson argues that battlefield losses and seemingly unending punitive policies by their occupiers led to the collapse of the Confederate home front in North Alabama. In the immediate post-war period, however, ex-Confederates were largely able to define the limits of Reconstruction and restore the South's caste system. War's Desolating Scourge is the definitive account of this stressful chapter of the war and of the determination of Confederate civilians to remain ideologically committed to independence-a determination that reverberates to this day.