Statutes > Alabama Statutes > Title 40 — REVENUE AND TAXATION. > Chapter 8 — RATE OF TAXATION. > Section 40-8-2 Rate of taxation - Established.

Section 40-8-2 Rate of taxation - Established.

Section 40-8-2

Rate of taxation - Established.

The rate of taxation for state purposes shall be sixty-five one-hundredths of one percent per annum on the assessed value of the taxable property within this state.

(Acts 1935, No. 194, p. 256; Code 1940, T. 51, §18.)