21-1-61 - Tax liability in case of creation or enlargement of municipality.
§ 21-1-61. Tax liability in case of creation or enlargement of municipality.
In all cases where a municipality is created or the limits of an existing municipality are enlarged under the provisions of this chapter, the property included within the municipal boundaries by such creation or enlargement shall become liable for and subject to municipal ad valorem taxation on the tax lien date next succeeding the effective date of the decree creating or enlarging such municipality.
Sources: Codes, 1942, § 3374-27; Laws, 1950, ch. 491, § 27, eff from and after July 1, 1950.