Langston, Alabama Property Taxes
The median property tax rate in Langston, Alabama is 0.38%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Langston, the typical annual property tax bill amounts to $730, which is well below the national median of $2,690. Property taxes in Langston are calculated based on the assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Langston'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 Langston or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Langston, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Langston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Langston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Langston 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 Langston, Alabama
Property taxes in Langston, Alabama, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Langston is 0.38%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Langston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Langston 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 Langston's effective property tax rate to other counties in Alabama and the national median. Understanding how Langston compares with other areas provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Langston Tax Rate
0.38%
Average Marshall County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Langston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35755 | 0.30% | 0.35% | 0.38% | 0.74% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Langston, Alabama
In Langston, 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 Marshall 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. In Langston, 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. For instance, the median home price in Langston is $168,050, with tax bills ranging from $428 at the 25th percentile to $2,135 at the 90th percentile. 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 Langston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Langston Assessed Value
$168,050
Average Marshall County Assessed Value
$133,700
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Langston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35755 | $48,040 | $88,100 | $168,050 | $321,850 | $479,860 |
Source: Ownwell
Property Tax Bills Across Langston, Alabama
In Langston, Marshall County, AL, property tax bills are determined based on the assessed value of a home. The local tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Langston experience property tax bills that vary significantly, reflecting the assessed values of their homes and the local tax rate. For instance, the median home price in Langston is $168,050, which influences the property tax calculations. The 25th percentile tax bill in Langston is around $428, while the 75th percentile reaches approximately $1,403. At the 90th percentile, homeowners can expect a tax bill of about $2,135. These figures illustrate the range of property tax bills that homeowners might encounter, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Langston's property tax rates can be considered relatively moderate. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Langston Tax Bill
$730
Average Marshall County Tax Bill
$654
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Langston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35755 | $257 | $428 | $730 | $1,403 | $2,135 |
Source: Ownwell