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Buy Land in Alabama: We have the Lowest Property Taxes in America
Alabama has the lowest property taxes in the nation according to a 2009 report from the Washington-based Tax Foundation. 
The report was based on information gathered in fiscal year 2007. According to the report, Alabama landowners paid an average of only $455 of property taxes, ranking us #50 in revenue generated by states through property taxes. (This information is also cited in an October 2008, article on Landreport.com).
Low property tax is one very good reason to invest in rural land in Alabama. If you were considering a piece of rural land in Perry County, where I live, you would be looking at a low millage rate of 47 mills. That means for every $1,000 of assessed value, you would only owe $47.00 in annual property taxes. (Assessed value is very different from fair market value.) If you owned a piece of property that was assessed at $100,000, you would owe $4700 in taxes.
How Alabama Property Tax is Calculated
According to the Alabama Department of Revenue, Amendment 373 of Alabama's Constitution, "provides that all real and personal business property will be assessed at 20% of its fair market value". So if your business owns a property that has a fair market value of $100,000, it will be assessed at $20,000 ($100,000 ... more

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