In June 2020, the Alabama Supreme Court issued an Opinion in
Stiff v. Equivest Financial, LLC, where the Court held that a 2013 Bessemer tax sale occurring inside the courthouse and not on the front steps of the courthouse as required by Ala. Code § 40-10-15 was void. Because the practical effects of the
Stiff decision could invalidate tax sales all over the state of Alabama, the Alabama legislature moved quickly to remedy this legislative issue, and so Senate Bill 111 was born.
Senate Bill 111 was first read on February 2, 2021 and was submitted to the Governor for her signature on April 1, 2021. Senate Bill 111, once adopted, will amend the language of Ala. Code § 40-10-15 to allow for tax sales to be conducted “on the premises of or within the courthouse” as opposed to strictly “in front of the door of the courthouse.” This amendment will allow Alabama counties the flexibility to conduct tax sales inside and outside the Courthouse. That allows counties to de
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Michigan’s state median home value is $154,900 and ranks 38th for real-estate property tax rates by state. (Image Credit (Zillow))
Property taxes are one of the forms of taxation in the US. Property taxes are a major source of income for local and state governments and are used to fund services such as education, transportation, emergency, parks, recreation, and libraries. The different boards, councils, and legislatures meet to decide the appropriate rates. They hold budget hearings to determine how much money needs to be allocated for providing the various services required by the local community.
Each year, the average American household spends $2,471 on real-estate property taxes plus another $442 for residents of the 27 states with vehicle property taxes. With such high costs, it s no surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association.
WalletHub Study: 2021 s Property Taxes by State | Orange County Breeze oc-breeze.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oc-breeze.com Daily Mail and Mail on Sunday newspapers.