Taylor, Alabama Property Taxes
The median property tax rate in Taylor, Alabama is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $103,900 in Taylor, the typical annual property tax bill is around $440, which is well below the national median of $2,690. Property taxes in Taylor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Taylor'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 Taylor or another part of Houston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Taylor, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$384
$357
Ownwell’s Taylor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taylor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taylor 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 Taylor, Alabama
Property taxes in Taylor, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylor is 0.37%, significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Taylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylor 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 Taylor's effective property tax rate to other counties in Alabama and the national median. For comparison, 35203 has the highest median property tax rate of 0.99%, while 36016 has the lowest median tax rate of 0.33%. Understanding how these cities compare with Taylor 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 Taylor Tax Rate
0.37%
Average Houston County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylor, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36301 | 0.30% | 0.35% | 0.37% | 0.69% | 0.81% |
| 36305 | 0.23% | 0.32% | 0.36% | 0.46% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Taylor, Alabama
In Taylor, 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 Taylor, 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 Taylor is $103,900, with tax bills ranging from $335 at the 25th percentile to $995 at the 90th percentile. The highest median tax bill is found in the 36305 zip code at $650, while the lowest is in the 36301 zip code at $431. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Taylor Assessed Value
$103,900
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 Taylor, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36301 | $50,520 | $84,900 | $102,800 | $130,700 | $229,900 |
| 36305 | $63,560 | $97,925 | $170,350 | $287,075 | $413,760 |
Source: Ownwell
Property Tax Bills Across Taylor, Alabama
Property tax bills in Taylor, located in Houston County, Alabama, are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Taylor typically see their tax bills influenced by factors such as property size, location, and market conditions. For instance, the median home price in Taylor is $103,900. The property tax rate in Taylor is relatively low compared to the national median of 0.99%. The tax bill for homeowners in the 25th percentile is around $335, while those in the 75th percentile pay approximately $731. For those at the 90th percentile, the tax bill can reach up to $995. The highest median tax bill in the area is $650 in the 36305 zip code, whereas the lowest median tax bill is $431 in the 36301 zip code. These tax bills can significantly impact homeowners by affecting their annual budgeting and long-term financial planning, making it crucial to understand how these taxes are determined.
Average Taylor Tax Bill
$440
Average Houston County Tax Bill
$515
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36301 | $205 | $333 | $431 | $724 | $984 |
| 36305 | $279 | $485 | $650 | $1,033 | $1,368 |
Source: Ownwell