Mulga, Alabama Property Taxes
The median property tax rate in Mulga, Alabama is 0.54%, which is higher than the state median of 0.47% but still below the national median of 0.99%. With a median home value of $93,600 in Mulga, the typical annual property tax bill amounts to $580, significantly less than the national median of $2,690. Property taxes in Mulga are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Mulga'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 Mulga or elsewhere in Jefferson County, a deep dive into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mulga, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$505
Ownwell’s Mulga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mulga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mulga 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 Mulga, Alabama
Property taxes in Mulga, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mulga is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Mulga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mulga 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 Mulga's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the 35118 zip code has the highest median property tax rate of 0.54%, while the same 35118 zip code also has the lowest median tax rate of 0.54%. Understanding how these areas compare with Mulga 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 Mulga 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 Mulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35118 | 0.40% | 0.48% | 0.54% | 1.00% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Mulga, Alabama
In Mulga, 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 Mulga, 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 Mulga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Mulga is $580 in the 35118 zip code, which is also the lowest median tax bill. The 25th percentile tax bill is $318, while the 75th percentile tax bill is $909, and the 90th percentile tax bill is $1,231.
Average Mulga Assessed Value
$93,600
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 Mulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35118 | $24,900 | $45,900 | $93,600 | $152,200 | $209,700 |
Source: Ownwell
Property Tax Bills Across Mulga, Alabama
In Mulga, located in Jefferson County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $93,600, the assessed value would be a fraction of this amount, subject to local assessment rates. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. In Mulga, property tax bills vary significantly, with the 25th percentile tax bill at $318 and the 75th percentile at $909. The highest median tax bill in the area is $580, which is relatively modest compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as property taxes can impact overall housing costs. Accurate assessments ensure fair taxation, contributing to local services and infrastructure.
Average Mulga Tax Bill
$580
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Mulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35118 | $148 | $318 | $580 | $909 | $1,231 |
Source: Ownwell