Lillian, Alabama Property Taxes
The median property tax rate in Lillian, AL 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 Lillian at $183,000, the typical annual property tax bill is $451, well below the national median of $2,690. Property taxes in Lillian are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Lillian's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Lillian or another part of Baldwin County, grasping the nuances of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lillian, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$494
Ownwell’s Lillian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lillian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lillian 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 Lillian, Alabama
Property taxes in Lillian, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lillian is 0.27%, which is significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Lillian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lillian 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 Lillian's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Baldwin County is 0.33%, while the lowest median tax rate is 0.16%. Understanding how these cities compare with Lillian provides valuable insights into the varying tax landscape across Baldwin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lillian Tax Rate
0.27%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lillian, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36549 | 0.18% | 0.21% | 0.27% | 0.28% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Lillian, Alabama
In Lillian, 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 Baldwin 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 Lillian, 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 highest median tax bill in the area is $451 in the 36549 zip code, while the lowest median tax bill is also $451 in the same zip code. 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 Lillian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lillian Assessed Value
$183,000
Average Baldwin County Assessed Value
$254,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lillian, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36549 | $50,000 | $66,100 | $183,000 | $264,675 | $431,010 |
Source: Ownwell
Property Tax Bills Across Lillian, Alabama
In Lillian, Baldwin County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For instance, if the median home price is $183,000, the tax bill is derived from this assessed value. Homeowners in the area see a range of tax bills, with the 25th percentile at $218 and the 75th percentile at $737. The 90th percentile reaches up to $1,298, indicating a significant variation depending on property value and applicable exemptions. Factors such as property location, improvements, and exemptions play a crucial role in determining the final tax bill. Compared to the national median property tax rate of 0.99%, Baldwin County offers a relatively moderate tax environment. This affects homeowners by providing a predictable and manageable tax burden, making it an attractive region for property ownership. The highest and lowest median tax bills are both $451 in the zip code 36549, reflecting consistency in property tax assessments within that area.
Average Lillian Tax Bill
$451
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Lillian, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36549 | $129 | $218 | $451 | $737 | $1,298 |
Source: Ownwell