Ala. Code § 40-5-9

Current with legislation from 2024 effective through May 17, 2024.

Section 40-5-9 - Interest on delinquent taxes

Notwithstanding Section 40-1-44, all ad valorem taxes becoming delinquent bear interest at the rate of 12 percent per annum. The interest shall be added to and collected as part of the taxes and shall be reported in the manner prescribed by the Comptroller.

Ala. Code § 40-5-9 (1975)

Amended by Act 2021-515,§ 3, eff. 10/1/2021.

Acts 1935, No. 194, p. 256; Code 1940, T. 51, §196; Acts 1988, 1st Ex. Sess., No. 88-824, p. 265, §8.