Morris, Alabama Property Taxes
The median property tax rate in Morris, AL is 0.54%, slightly higher than the Alabama state median of 0.47%, yet still below the national median of 0.99%. With a median home value of $179,400 in Morris, the typical annual property tax bill amounts to $1,007, which is significantly less than the national median of $2,690. Property taxes in Morris are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Morris'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 Morris or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morris, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$969
$899
Ownwell’s Morris Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morris with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Morris to provide an accurate estimate of your property tax bill. This valuable resource helps you anticipate your tax obligations effectively. For those interested in more detailed information, you can explore trends at the neighborhood level by scrolling down. Your property's assessed value, determined by Jefferson County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Morris, Alabama
Property taxes in Morris, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morris is 0.54%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Morris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morris 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 Morris's effective property tax rate to other counties in Alabama and the national median. For comparison, the ZIP code 35116 has the highest median property tax rate of 0.54%, while the same ZIP code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Morris provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morris Tax Rate
0.54%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morris, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35116 | 0.42% | 0.48% | 0.54% | 0.60% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Morris, Alabama
In Morris, 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 Jefferson 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 Morris, 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 Morris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Morris's zip code 35116 has the highest and lowest median tax bill, both at $1007.
Average Morris Assessed Value
$179,400
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morris, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35116 | $54,600 | $99,300 | $179,400 | $255,050 | $371,780 |
Source: Ownwell
Property Tax Bills Across Morris, Alabama
In Morris, Alabama, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Morris see a range of property tax bills, with the 25th percentile at $614 and the 75th percentile at $1578, showing significant variation. The highest median tax bill in the area is $1007, found in the 35116 zip code. Factors influencing the tax bill include the home's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, Morris homeowners benefit from relatively lower property taxes. However, the impact on homeowners varies widely, as those with higher-valued properties can see tax bills as high as $2269, which is in the 90th percentile. These property taxes are essential for funding local services, but they also represent a significant expense for homeowners, affecting their overall cost of living and financial planning.
Average Morris Tax Bill
$1,007
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Morris, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35116 | $298 | $614 | $1,007 | $1,578 | $2,269 |
Source: Ownwell