Ad valorem taxes, reappraisal of Class II and Class III property every three years

HB 85 requires Alabama counties to reappraise Class II (commercial/industrial) and Class III (agricultural) property every three years instead of the current ad hoc system. This directly affects property owners in these categories by changing how their tax assessments are calculated. If a reappraisal shows higher property value, the increased tax amount is phased in equally over the next three years rather than applying fully immediately. The bill amends Alabama law to implement this schedule and phase-in process, effective May 1, 2026.