Lawrence County, Alabama Property Taxes
The median property tax rate in Lawrence County is 0.30%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Lawrence County at $132,500, the typical annual property tax bill is $474, substantially below the national median of $2,690. Property taxes in Lawrence County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lawrence County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Moulton or another part of Lawrence County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lawrence County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$398
$369
Ownwell’s Lawrence County Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lawrence County with just two data points. By entering your property's estimated assessed value, our calculator uses the median tax rate in Lawrence County to provide a property tax bill estimate. This valuable tool helps you understand potential tax liabilities. For more detailed trends on a city level, scroll down to access localized information. Your property's assessed value is determined by the county and considers any exemptions you may qualify for, ensuring an accurate calculation for property tax purposes.
Property Tax Rates Across Lawrence County, Alabama
Property taxes in Lawrence County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lawrence County is 0.30%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Lawrence County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lawrence County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. Analyzing how Lawrence County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lawrence County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawrence County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | N/A | N/A | N/A | N/A | N/A |
| Courtland | 0.27% | 0.30% | 0.37% | 0.76% | 0.83% |
| Danville | 0.23% | 0.27% | 0.29% | 0.53% | 0.63% |
| Decatur | 0.24% | 0.29% | 0.29% | 0.30% | 0.44% |
| Haleyville | N/A | N/A | N/A | N/A | N/A |
| Hillsboro | 0.24% | 0.28% | 0.30% | 0.61% | 0.66% |
| Moulton | 0.24% | 0.28% | 0.30% | 0.53% | 0.67% |
| Mount Hope | 0.23% | 0.27% | 0.29% | 0.48% | 0.62% |
| Russellville | 0.23% | 0.27% | 0.29% | 0.51% | 0.63% |
| Town Creek | 0.24% | 0.28% | 0.30% | 0.60% | 0.66% |
| Trinity | 0.23% | 0.28% | 0.29% | 0.56% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Lawrence County, Alabama
In Lawrence County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lawrence County Appraisal District. The assessed value, however, 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. Assessment notices in Lawrence County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Decatur has the highest median tax bill at $1,142, while Addison has the lowest at $281. Being aware of these valuation processes in Lawrence County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Lawrence County, Alabama
Source: Ownwell
$73,200
$224,875
$376,550
Average Lawrence County Assessed Value
$132,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawrence County, Alabama
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | N/A | N/A | N/A | N/A | N/A |
| Courtland | $18,960 | $38,671 | $73,200 | $129,650 | $185,360 |
| Danville | $42,600 | $74,500 | $132,000 | $204,650 | $299,600 |
| Decatur | $111,600 | $225,342 | $376,550 | $451,100 | $544,900 |
| Haleyville | N/A | N/A | N/A | N/A | N/A |
| Hillsboro | $37,490 | $63,425 | $110,900 | $189,702 | $277,928 |
| Moulton | $48,820 | $82,500 | $143,400 | $223,100 | $311,580 |
| Mount Hope | $43,840 | $83,796 | $143,111 | $213,900 | $321,594 |
| Russellville | $48,435 | $79,400 | $133,027 | $219,000 | $354,900 |
| Town Creek | $34,960 | $72,050 | $126,800 | $204,184 | $314,120 |
| Trinity | $40,980 | $79,450 | $148,400 | $217,800 | $297,469 |
Source: Ownwell
Property Tax Bills Across Lawrence County, Alabama
In Lawrence County, AL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as the property's location, size, and any applicable exemptions are considered in this calculation. For instance, the median home price in Lawrence County is $132,500. Property tax bills can vary significantly, with the 25th percentile tax bill at $275 and the 75th percentile reaching $735. At the 90th percentile, homeowners might see a tax bill as high as $1,080. Comparatively, the highest median tax bill within the county is in Decatur at $1,142, while the lowest is in Addison at $281. These variations highlight how property values and local tax rates influence the overall tax burden on homeowners. Understanding these factors can help residents anticipate their annual property tax obligations and manage their finances accordingly.
Average Lawrence County Tax Bill
$474
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawrence County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | N/A | N/A | N/A | N/A | N/A |
| Courtland | $84 | $186 | $315 | $507 | $758 |
| Danville | $155 | $264 | $448 | $695 | $1,012 |
| Decatur | $364 | $811 | $1,142 | $1,347 | $1,563 |
| Haleyville | N/A | N/A | N/A | N/A | N/A |
| Hillsboro | $133 | $249 | $426 | $655 | $964 |
| Moulton | $173 | $310 | $516 | $780 | $1,117 |
| Mount Hope | $143 | $280 | $478 | $729 | $1,194 |
| Russellville | $159 | $282 | $395 | $737 | $1,038 |
| Town Creek | $147 | $261 | $448 | $733 | $1,110 |
| Trinity | $154 | $287 | $492 | $720 | $1,012 |
Source: Ownwell