Lawley, Alabama Property Taxes
The median property tax rate in Lawley, AL is 0.46%, which is lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Lawley at $120,300, the typical annual property tax bill is $457, significantly below the national median of $2,690. Property taxes in Lawley 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 Lawley'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 Lawley 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
Lawley, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$553
Ownwell’s Lawley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawley 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 Chilton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lawley, Alabama
Property taxes in Lawley, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawley is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Lawley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawley 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 Lawley's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36793 zip code has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with Lawley provides valuable insights into the varying tax landscape across Chilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawley Tax Rate
0.46%
Average Chilton County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36793 | 0.17% | 0.33% | 0.46% | 0.54% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Lawley, Alabama
In Lawley, 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 Chilton 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 Lawley, 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. The median home price in Lawley is $120,300, with median tax bills ranging significantly. The highest and lowest median tax bills are both $457.00, found in the 36793 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 Lawley Assessed Value
$120,300
Average Chilton County Assessed Value
$120,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36793 | $33,020 | $59,800 | $120,300 | $158,700 | $249,820 |
Source: Ownwell
Property Tax Bills Across Lawley, Alabama
Property tax bills in Lawley, Chilton County, Alabama, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Lawley, the median home price is $120,300. Homeowners in the 25th percentile can expect a tax bill around $189, while those in the 75th percentile might pay approximately $691. For the top 10% of property values, the tax bill can reach up to $1,042. Compared to the national median property tax rate of 0.99%, Lawley's property tax rates are relatively low, making it an attractive area for homeowners. These tax bills directly impact homeowners by influencing their annual housing costs. Lower property taxes can make homeownership more affordable, while higher taxes might necessitate budget adjustments. Understanding how these bills are calculated helps homeowners plan their finances more effectively.
Average Lawley Tax Bill
$457
Average Chilton County Tax Bill
$562
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36793 | $102 | $189 | $457 | $691 | $1,042 |
Source: Ownwell