Bullock County, Alabama Property Taxes
The median property tax rate in Bullock County is 0.49%, which is slightly higher than Alabama's state median of 0.47% but significantly lower than the national median of 0.99%. With a median home value of $52,910, the typical annual property tax bill in Bullock County is $289, far below the national median of $2,690. Property taxes in Bullock County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Bullock County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Union Springs or another part of Bullock County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bullock County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$259
$241
Ownwell’s Bullock County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bullock County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bullock County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property's assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bullock County, Alabama
Property taxes in Bullock County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bullock County is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Bullock County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bullock County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Hurtsboro has one of the higher property tax rates in the region at 0.62%, while the city of Fitzpatrick boasts one of the lowest at 0.43%. Analyzing how Bullock County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bullock County Tax Rate
0.49%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bullock County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Banks | 0.24% | 0.34% | 0.44% | 0.93% | 0.93% |
| Fitzpatrick | 0.20% | 0.33% | 0.43% | 0.47% | 0.93% |
| Hurtsboro | 0.32% | 0.41% | 0.62% | 0.93% | 0.93% |
| Mathews | 0.11% | 0.15% | 0.33% | 0.44% | 0.56% |
| Midway | 0.30% | 0.39% | 0.53% | 0.93% | 1.06% |
| Troy | 0.31% | 0.36% | 0.44% | 0.74% | 0.93% |
| Union Springs | 0.31% | 0.40% | 0.52% | 0.93% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Bullock County, Alabama
In Bullock County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bullock County Appraisal District. The assessed value, however, 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 in Bullock County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Bullock County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Mathews has the highest median tax bill at $927, while Hurtsboro has the lowest at $192. Understanding these differences can provide valuable insights into managing your property taxes efficiently.
Average Bullock County Assessed Value
$52,910
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bullock County, Alabama
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Banks | $25,401 | $43,550 | $71,560 | $143,265 | $245,843 |
| Fitzpatrick | $26,730 | $48,762 | $116,590 | $259,482 | $529,210 |
| Hurtsboro | $5,500 | $21,590 | $37,540 | $78,255 | $212,006 |
| Mathews | $162,755 | $191,415 | $290,990 | $649,988 | $1,090,635 |
| Midway | $7,612 | $24,640 | $46,120 | $69,960 | $131,664 |
| Troy | $23,902 | $40,770 | $62,695 | $118,658 | $234,746 |
| Union Springs | $8,180 | $24,220 | $50,140 | $90,555 | $180,554 |
Source: Ownwell
Property Tax Bills Across Bullock County, Alabama
In Bullock County, AL, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The county's property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and any applicable exemptions can influence the assessed value and, consequently, the tax bill. For instance, the median home price in Bullock County is $52,910, and property tax bills can vary significantly. Homeowners at the 25th percentile pay around $137 annually, while those at the 75th percentile pay about $566. At the 90th percentile, the tax bill can reach up to $1,044. Comparatively, Mathews has the highest median tax bill at $927, whereas Hurtsboro has the lowest at $192. These variations can significantly impact homeowners, affecting their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Bullock County Tax Bill
$289
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Bullock County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Banks | $110 | $198 | $362 | $677 | $1,134 |
| Fitzpatrick | $111 | $219 | $543 | $1,062 | $1,947 |
| Hurtsboro | $42 | $86 | $192 | $443 | $960 |
| Mathews | $338 | $687 | $927 | $1,808 | $2,924 |
| Midway | $53 | $112 | $245 | $434 | $659 |
| Troy | $121 | $183 | $296 | $582 | $1,020 |
| Union Springs | $53 | $128 | $278 | $529 | $928 |
Source: Ownwell