The tax bill will usually be in the previous owner's name. You are responsible for taxes on all property you own, no matter how the tax bill may be listed. 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.