Business Description
If you’re looking to purchase a vacant parcel of land, Alabama can be a great state to shop around in. The state offers tracts ranging from as small as you would like all the way to 18000 acres. No matter your budget there are options for you. The state’s average cost per acre of agricultural land comes in at $3100. The state also offers some of the lowest property taxes in the country. Property taxes are calculated based on the assessed value of the land, which is 10% of the appraised value. The millage rate used to calculate the exact tax changes by county with the state average total property tax being $398, or 3 to 4 cents per dollar of assessed value. The state varies as you travel from the northern portion to the southern portion. The north is mountainous with average winter low temperatures in the 30s. The south is flat and borders the Gulf of Mexico. Many parts of the state see average summer highs above 90 degrees. The mild winters make the state a great place to escape the severe cold of the North and it also makes the growing season relatively long, which appeals to people looking for agricultural real estate.
