What types of property are taxed by Ad Valorem?
The Alabama Department of Revenue provides a list of the property classes that are taxable on its website at https://revenue.alabama.gov/property-tax/property-tax-assessment/ . These include the following:
Class I - All property of utilities used in the business of such utilities
Class II - All property not otherwise classified
Class III - All agricultural, forest, and single-family owner occupied residential property, including owner occupied residential manufactured homes located on land owned by the manufactured home owner, and historic building and sites
Class IV - All private passenger automobiles and motor trucks of the type commonly known as “pickups” or “pickup trucks” owned and operated by an individual for personal or private use and not for hire, rent, or compensation