Notasulga, Alabama Property Taxes
The median property tax rate in Notasulga, AL is 0.41%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Notasulga at $208,540, the typical annual property tax bill reaches $975, well below the national median of $2,690. Property taxes in Notasulga 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 Notasulga'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 Notasulga or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Notasulga, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$855
Ownwell’s Notasulga Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Notasulga with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Notasulga to provide an estimate of your property tax bill. This valuable tool offers clarity on your potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Lee County for property tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Notasulga, Alabama
Property taxes in Notasulga, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Notasulga is 0.41%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Notasulga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Notasulga 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 Notasulga's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36866 zip code has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these cities compare with Notasulga provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Notasulga Tax Rate
0.41%
Average Lee County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | 0.35% | 0.40% | 0.41% | 0.44% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Notasulga, Alabama
In Notasulga, 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 Lee 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. Notasulga residents should note that the median home price is $208,540, with the 25th percentile tax bill at $380 and the 75th percentile at $1,447. The highest and lowest median tax bill is $975 in zip code 36866. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Notasulga Assessed Value
$208,540
Average Lee County Assessed Value
$237,000
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | $51,334 | $82,905 | $208,540 | $361,100 | $441,110 |
Source: Ownwell
Property Tax Bills Across Notasulga, Alabama
In Notasulga, located in Lee County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value. Homeowners in Notasulga see property tax bills that range significantly. For example, the tax bill at the 25th percentile is around $380, while at the 75th percentile, it reaches approximately $1,447. At the 90th percentile, homeowners may pay as much as $2,024. The median home price in the area is $208,540, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, Notasulga's rates can be relatively moderate or high, depending on the specific property and its assessed value. This variability in property tax bills impacts homeowners by affecting their annual financial planning and the overall affordability of owning a home in the area. The highest and lowest median tax bills in Notasulga are both $975, providing a balanced perspective on what many homeowners can expect to pay.
Average Notasulga Tax Bill
$975
Average Lee County Tax Bill
$1,329
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | $236 | $380 | $975 | $1,447 | $2,024 |
Source: Ownwell