Alabama HB557 establishes an additional ad valorem tax in Wilcox County to replace an expiring tax.

Alabama HB557 creates an additional ad valorem tax in Wilcox County, effective from the tax year beginning October 1, 2027. The tax increase amounts to nine mills on each dollar of assessed value. The proceeds will be distributed with two mills allocated to the county general fund and seven mills to the Wilcox County Board of Education for public school purposes. The increase is subject to voter approval and will not result in a net increase in the total tax rate. The act becomes effective on June 1, 2026.

Alabama HB557 establishes an additional ad valorem tax in Wilcox County to replace an expiring tax.

Alabama HB557 creates an additional ad valorem tax in Wilcox County, effective from the tax year beginning October 1, 2027. The tax increase amounts to nine mills on each dollar of assessed value. The proceeds will be distributed with two mills allocated to the county general fund and seven mills to the Wilcox County Board of Education for public school purposes. The increase is subject to voter approval and will not result in a net increase in the total tax rate. The act becomes effective on June 1, 2026.