Create - Revenue Current Use

NOTICE

PENALTY PROVISION OF CURRENT USE LAW

40-7-25.3 Conversion of property to other taxable use.

If the sale or other disposition of taxable property qualified for assessment based on its current use value results in or is followed by the conversion of such property, within two years from the date of sale or other disposition, to a use that is not so qualified, then with respect to such property, there shall be levied and collected, in the ad valorem tax year beginning on October 1 next succeeding the conversion of such property, an amount of additional taxes to be computed in the manner provided by this section. If taxable property qualified for assessment at its current use value is converted to a use not so qualified, then the tax assessor shall thereupon appraise such property in accordance with the provisions of section 40- 7-15 and section 40-7-25, Code of Alabama 1975, as amended, and shall compute the amount of additional taxes payable with respect to such property in the manner provided in this section. The owner of taxable property qualified for assessment at it current use value which is converted to a use not qualified shall so notify the tax assessor of the county in which such property is located, on and after October 1, but not later than January 1 in the taxable year next succeeding the taxable year in which such conversion is made.

Date of Purchase: (Year/Month/Day)

Tax Year:

Price of Purchase:

Ppin Number:

Parcel Number:

Property Owner(s):

Address:

Mailing Address:

Email:

Phone Number:

Current Use of Property

Row Crops:

Pasture:

Timberland:

Homesite:

Historical:

Other Acres:

Total Acres:

Please double check that the total acres is calculated correctly

Other Info:

Was the property Purchased within the last 5 years?

Date of Purchase: (Year/Month/Day)

Instrument No:

Price of Purchase:

Was the property a family transaction?
Yes No

Taxpayer Remarks:

I UNDERSTAND FULLY THE Alabama Codes as it relates to current use. I understand that if the use changes regarding the property, I will face the possibility of severe penalties. Should the use of this property change at any time in the future from its current use which is (see Current Property above), I am prepared to accept the resulting penality as prescribed by the Alabama Code. I further feel that I have a responsibility to advise any future buyer of the current use status of this property and the possibilities of severe penalty which could result should a future buyer change the use of this property.

PROOF MUST BE SUBMITTED AT THE TIME OF APPLICATION IF YOU HAVE 5 ACRES OR LESS IN ORDER FOR APPLICATION TO BE PROCESSED

Attachment:

By checking this box I declare that I am the owner or agent representing the owner of this property.

Type in your full name as owner/agent.

Important Information - Please Read

NOTICE

PENALTY PROVISION OF CURRENT USE LAW

40-7-25.3 Conversion of property to other taxable use.

Current Use of Property

PROOF MUST BE SUBMITTED AT THE TIME OF APPLICATION IF YOU HAVE 5 ACRES OR LESS IN ORDER FOR APPLICATION TO BE PROCESSED