All persons, corporations, partnerships, etc. owning personal property are subject to ad valorem tax. The property must be listed and assessed in the revenue commissioner’s office after October 1, but no later than December 31 each year. Failure to make an assessment by the 3rd Monday in January will result in a 10% penalty and fees being added to the tax bill.

All personal property is appraised by the county revenue commissioner for the taxes, based on the cost new and allowance for depreciation due to age. Taxes become due on October 1, the same as ad valorem tax on real property. Delinquent personal property taxes are handled differently, however. Beginning January 1, when the taxes become delinquent, the Revenue Commissioner must proceed to collect the taxes due or sell the property to satisfy the lien. Personal property sold for taxes cannot be redeemed.

All taxable property shall be divided into the following classes and shall be assessed for ad valorem tax purposes at the following ratios of assessed value to the fair and reasonable market value of such property.

Class I.
All property of utilities used in the business of such utilities, 30 percent of market value.

Class II.
All property not otherwise classified, 20 percent of market value.

Class Ill.
All agricultural, forest, and residential property, 10 percent of market
value.

After an assessed value has been placed on your property, the amount
of taxes is determined by multiplying the correct tax rate by the assessed
value, then subtracting the proper exemption.

Sample: 40 acres of crop land in the county appraised at $500.00 per
acre=appraised value ($20,000.00). Appraised value X 10% assessed value
X millage rate=taxes due. $20.000 X 10% $2000 X .0355= $71.00 (a mill is
one tenth of a cent. (.001))

State …………………………………………………….6.5M
County ………………………………………………….7.5M
Hospital …………………………………………………4M
School ………………………………………………….14.5M
Special Fire Tax (Fort Payne City exempt) …….3M
Total …………………………………………………….32.5M

Fort Payne …………………………………………….12.5M
Mentone ………………………………………………..6.OM
Rainsville ……………………………………………….5.OM
Collinsville ………………………………………………5.OM
Crossville ……………………………………………….5.OM
Fyffe ……………………………………………………. 5.OM
Geraldine ……………………………………………….5.OM
Hammondville ………………………………………….5.OM
Henagar …………………………………………………5.OM
Ider ………………………………………………………5.OM
Powell’s Crossroad …………………………………..5.OM
Sylvania …………………………………………………5.OM
Valley Head …………………………………………….5.OM
Lakeview ………………………………………………..5.OM
Sand Rock ………………………………………………5.OM