Moundville, Alabama Property Taxes
The median property tax rate in Moundville, AL is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Moundville, the typical annual property tax bill is $462, well below the national median of $2,690. Property taxes in Moundville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moundville'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 Moundville 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
Moundville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$418
Ownwell’s Moundville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moundville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moundville 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 Moundville, Alabama
Property taxes in Moundville, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moundville is 0.33%, which is significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Moundville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moundville 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 Moundville's effective property tax rate to other counties in Alabama and the national median. For comparison, Jefferson County has the highest median property tax rate of 0.66%, while Crenshaw County has the lowest median tax rate of 0.16%. Understanding how these cities compare with Moundville provides valuable insights into the varying tax landscape across Hale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moundville Tax Rate
0.33%
Average Hale County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moundville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35474 | 0.21% | 0.28% | 0.33% | 0.54% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Moundville, Alabama
In Moundville, 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 Hale 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 Moundville, 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 Moundville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Moundville is $126,700, with the 25th percentile tax bill at $208 and the 75th percentile tax bill at $732. The zip code with both the highest and lowest median tax bill is 35474, with a value of $462.
Average Moundville Assessed Value
$126,700
Average Hale County Assessed Value
$85,050
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moundville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35474 | $30,520 | $57,690 | $126,700 | $202,760 | $301,970 |
Source: Ownwell
Property Tax Bills Across Moundville, Alabama
In Moundville, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Moundville is $126,700. Local tax authorities then apply the tax rate to this assessed value to determine the tax bill. For example, the tax bill at the 25th percentile is $208, while at the 75th percentile, it rises to $732, and at the 90th percentile, it reaches $1,157. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value of your home, thereby affecting your tax bill. Homeowners in Moundville, located in Hale County, experience a range of tax bills, with the highest and lowest median tax bills both recorded at $462 in the 35474 zip code. Comparing this to the national median property tax rate of 0.99%, Moundville's property tax bills can vary significantly, impacting homeowners' annual financial planning and overall housing costs.
Average Moundville Tax Bill
$462
Average Hale County Tax Bill
$328
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Moundville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35474 | $95 | $208 | $462 | $732 | $1,157 |
Source: Ownwell