All taxes are based on who owned the property October 1. Alabama law does not require tax notices to be mailed. You are required to check. Real property includes land and any buildings attached to it. Personal property refers to furniture, fixtures, tools and equipment used in the operation of a business.
Corporations share stock and airplanes are considered personal property.
What to do when you buy property New property owners often rely on their title company, real estate agent or other representative to properly record and assess their property. The final responsibility is still yours, as the new owner, see that all the necessary steps have been completed. Record your deed in the Probate Office 2. Assess the property in the Revenue Commissioner's Office as soon as you receive your deed from the Probate Office. If your mortgage company has agreed to pay your property taxes, a copy of the tax statements should be mailed to the company as soon as it is received.