Midland City, Alabama Property Taxes
The median property tax rate in Midland City, AL is 0.38%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Midland City at $180,700, the typical annual property tax bill amounts to $786, 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 those for primary residences and agricultural properties. Understanding Midland City'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 Midland City or another part of Houston County, grasping 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
0.38%
Estimate Property Tax Bill
$687
$637
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Midland City is 0.31%, significantly lower than the Alabama state median of 0.33% 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. For comparison, the 35203 zip code has the highest median property tax rate of 0.66%, while the 35209 zip code has the lowest median tax rate of 0.33%. Understanding how these cities compare with Midland City provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Midland City Tax Rate
0.38%
Average Houston County Tax Rate
0.36%
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 | 0.34% | 0.36% | 0.38% | 0.40% | 0.81% |
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 Houston 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 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. The median home price in Midland City is $180,700, with tax bills ranging from $622 at the 25th percentile to $1,560 at the 90th percentile. The highest median tax bill of $786 is found in zip code 36350. By understanding 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.
Average Midland City Assessed Value
$180,700
Average Houston County Assessed Value
$117,800
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 | $148,550 | $162,700 | $180,700 | $267,125 | $403,990 |
Source: Ownwell
Property Tax Bills Across Midland City, Alabama
In Midland City, property tax bills are calculated based on the assessed value of a home, which is determined by the Houston County tax assessor. The assessed value is a percentage of the property's market value, which in Midland City has a median home price of $180,700. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. In Midland City, the 25th percentile of tax bills is $622, while the 75th percentile is $1,387, and the 90th percentile reaches $1,560. These figures highlight the range of property tax burdens homeowners may face. Comparatively, the median property tax bill in Midland City is $786, which is significantly lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable, but it also means less revenue for local services funded by property taxes.
Average Midland City Tax Bill
$786
Average Houston County Tax Bill
$515
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 | $539 | $622 | $786 | $1,387 | $1,560 |
Source: Ownwell