Midland City, Alabama Property Taxes
The median property tax rate in Midland City, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $112,380 in Midland City, the typical annual property tax bill amounts to $478, well below the national median of $2,690. Property taxes in Midland City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Midland City'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 Midland City 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
Midland City, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$393
$365
Ownwell’s Midland City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Midland City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Midland City 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 Midland City, Alabama
Property taxes in Midland City, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Midland City is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Midland City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Midland City 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 Midland City's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.60%, while the lowest is in Crenshaw County at 0.26%. Understanding how these counties compare with Midland City provides valuable insights into the varying tax landscape across Dale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Midland City Tax Rate
0.35%
Average Dale County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Midland City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36350 | 0.26% | 0.30% | 0.35% | 0.64% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Midland City, Alabama
In Midland City, 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 local appraisal authority 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 Midland City, 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. Being aware of these valuation processes in Midland City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Midland City is $112,380, with tax bills ranging from $305 at the 25th percentile to $1,184 at the 90th percentile. The highest and lowest median tax bills are both $478 in zip code 36350.
Average Midland City Assessed Value
$112,380
Average Dale County Assessed Value
$110,690
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Midland City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36350 | $45,600 | $73,960 | $112,380 | $201,930 | $345,928 |
Source: Ownwell
Property Tax Bills Across Midland City, Alabama
In Midland City, located in Dale County, AL, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. For instance, with a median home price of $112,380, the assessed value is subjected to the local tax rate. The property tax rate in Midland City is influenced by various factors, including local government budgets, school funding needs, and public service requirements. Homeowners in Midland City can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $305, while at the 75th percentile, they can reach up to $736. For those at the 90th percentile, tax bills can go as high as $1,184. These property taxes are essential for funding local services such as schools, emergency services, and infrastructure maintenance. While the median tax bill in Midland City is $478, which is below the national median property tax rate of 0.99%, it still represents a significant annual expense for homeowners.
Average Midland City Tax Bill
$478
Average Dale County Tax Bill
$497
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Midland City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36350 | $183 | $305 | $478 | $736 | $1,184 |
Source: Ownwell