Livingston, Alabama Property Taxes
The median property tax rate in Livingston, AL is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Livingston at $86,550, the typical annual property tax bill is $337, far below the national median of $2,690. Property taxes in Livingston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Livingston'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 Livingston 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
Livingston, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$320
Ownwell’s Livingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livingston 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 Livingston, Alabama
Property taxes in Livingston, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livingston is 0.37%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Livingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livingston 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. Understanding how Livingston’s effective property tax rate compares to other areas provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Livingston Tax Rate
0.37%
Average Sumter County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Livingston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35470 | 0.20% | 0.30% | 0.37% | 0.47% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Livingston, Alabama
In Livingston, 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 Sumter 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 Livingston, 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. Livingston's median home price stands at $86,550. The 25th percentile tax bill is $140, while the 75th percentile tax bill is $685. The highest and lowest median tax bills are both $337 in the 35470 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Livingston Assessed Value
$86,550
Average Sumter County Assessed Value
$62,300
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Livingston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35470 | $18,600 | $43,625 | $86,550 | $153,550 | $251,232 |
Source: Ownwell
Property Tax Bills Across Livingston, Alabama
In Livingston, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Livingston is $86,550. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property improvements, location, and market conditions can influence the assessed value. Homeowners in Livingston experience varying tax bills, with the 25th percentile at $140 and the 75th percentile at $685, while the 90th percentile can reach up to $1,060. This variability means that while some homeowners face relatively low property tax bills, others might pay significantly higher amounts depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Livingston's rates can be considered moderate, but they still represent a significant expense that homeowners must account for in their annual budgets.
Average Livingston Tax Bill
$337
Average Sumter County Tax Bill
$245
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Livingston, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35470 | $61 | $140 | $337 | $685 | $1,060 |
Source: Ownwell