Hardaway, Alabama Property Taxes
The median property tax rate in Hardaway, AL is 0.42%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Hardaway at $65,920, the typical annual property tax bill is around $310, well below the national median of $2,690. Property taxes in Hardaway are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hardaway's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hardaway or another part of Macon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardaway, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$277
Ownwell’s Hardaway Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hardaway with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hardaway 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 Hardaway, Alabama
Property taxes in Hardaway, Alabama, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hardaway is 0.42%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Hardaway set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hardaway 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 Hardaway's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36039 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Hardaway provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hardaway Tax Rate
0.42%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardaway, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36039 | 0.18% | 0.30% | 0.42% | 0.52% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Hardaway, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hardaway, Alabama. 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 Macon 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 Hardaway helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hardaway are both $310, found in zip code 36039. This is relatively low compared to the national median property tax rate of 0.99%.
Average Hardaway Assessed Value
$65,920
Average Macon County Assessed Value
$64,220
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardaway, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36039 | $16,144 | $27,850 | $65,920 | $178,070 | $333,080 |
Source: Ownwell
Property Tax Bills Across Hardaway, Alabama
In Hardaway, property tax bills are calculated based on the assessed value of the property. The assessment considers the market value of the home, which in Hardaway has a median home price of $65,920. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners, this means that the tax bill can vary significantly depending on the value of their property and the specific tax rate applied. For instance, in Hardaway, the 25th percentile tax bill is $125, while the 75th percentile reaches $490. At the 90th percentile, homeowners may see tax bills as high as $1,158. The highest median tax bill recorded in the area is $310, which is notably lower than the national median property tax rate of 0.99%. These tax bills impact homeowners by influencing their annual housing costs and potentially affecting their ability to afford other expenses. Understanding these factors can help homeowners plan their finances more effectively.
Average Hardaway Tax Bill
$310
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardaway, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36039 | $77 | $125 | $310 | $490 | $1,158 |
Source: Ownwell