Millerville, Alabama Property Taxes
The median property tax rate in Millerville, Alabama is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Millerville, the typical annual property tax bill amounts to $309, which is well below the national median of $2,690. Property taxes in Millerville are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Millerville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Millerville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Millerville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$311
Ownwell’s Millerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millerville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Millerville, Alabama
Property taxes in Millerville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millerville is 0.29%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Millerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millerville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Millerville's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36758 has the highest median property tax rate of 0.47%, while the zip code 36703 has the lowest median tax rate of 0.23%. Understanding how these cities compare with Millerville provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Millerville Tax Rate
0.27%
Average Clay County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millerville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36267 | 0.27% | 0.27% | 0.27% | 0.27% | 0.27% |
Source: Ownwell
Property Tax Assessment Values Across Millerville, Alabama
In Millerville, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clay County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Millerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $309, found in the 36267 zip code.
Average Millerville Assessed Value
$115,060
Average Clay County Assessed Value
$72,990
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Millerville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36267 | $115,060 | $115,060 | $115,060 | $115,060 | $115,060 |
Source: Ownwell
Property Tax Bills Across Millerville, Alabama
In Millerville, located in Clay County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, and in Alabama, this percentage is generally lower than in many other states. Once the assessed value is determined, the local tax rate is applied. For Millerville, the median home price is $115,060, and homeowners can expect a median tax bill of around $309. This is significantly lower than the national median property tax rate of 0.99%, making Millerville an attractive location for homeowners seeking lower property taxes. Factors such as the property's location within the county and any applicable exemptions can also influence the final tax bill. For instance, Millerville's tax bills at the 25th, 75th, and 90th percentiles all stand at $309, indicating a relatively uniform tax rate across different property values. This consistency provides homeowners with a predictable tax environment, contributing to financial stability and planning.
Average Millerville Tax Bill
$309
Average Clay County Tax Bill
$201
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Millerville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36267 | $309 | $309 | $309 | $309 | $309 |
Source: Ownwell