Section 40-7-25.1 of the Code of Alabama 1975 established an
alternate type of assessment. "Current Use" valuation
is based on the use to which the property was put on October 1 of
the tax year rather than the highest and best use put forth under
market valuation. Current Use valuation is limited to property
legally classified as Class III, and must be requested by the
owner. In order to obtain the benefits of an evaluation based upon
current use of property, the landowner must file this application
no later than January 1 in any taxable year. For the property to
qualify it must be actively used as cropland, pastureland, or
timberland.
Property Conversion:
If any property approved for current use is converted to any use
other than that for which the application was filed, the tax
official shall revalue the property according to current market
value as provided by the Code of Alabama 1975, Section 40-7-25.3.
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 three (3) ad
valorem tax years. A request to withdraw current use from property
must be made before conversion to prevent this penalty.
Ownership Change:
When property changes ownership the current use assessment is
discontinued. The new landowner must file an application as stated
above, before January 1 in any taxable year for the benefits of
Current Use to continue uninterrupted. Current Use assessment is
never automatic, it must be applied for by the current property
owner.
Applicant has read all information pertaining to this application,
and attest that all information provided is correct. Applicant
understands this is an application ONLY, and the property listed
on this form will be subject to a physical, on-site inspection by
a county appraiser for determination and approval of Current Use.
