[Same; qualifications.]
Montgomery City Code, App. A, ch. 11, art. I, § 2
in effectSec. 2. - [Same; qualifications.]
In order to qualify for the ad valorem tax exemption provided for in section 1, the owner-developer must file an application with such municipality in accordance with procedures heretofore established by the governing body of such city, setting forth the improvements proposed to be made, the value at which said city property was assessed in the year preceding the grant of exemption which amount shall continue to be paid during the period of exemption. Pursuant to said application, the governing body of the City of Montgomery is hereby authorized to grant the exemption provided for in section 1 for any period up to 15 years upon the condition that the exemption shall apply only to the increase in value of the property caused by the construction or development of the new commercial or industrial facilities.
Source: City of Montgomery, Alabama, Code of Ordinances (Municode Library, library.municode.com)URL: https://library.municode.com/al/montgomery/codes/code_of_ordinances?nodeId=APXALOAC_CH11LITA_ARTIACNO86-294P.421TAEXDOBUDI_S2SAQUFetched: 11/8/2026