Moulton, Alabama Property Taxes
The median property tax rate in Moulton, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Moulton at $143,400, the typical annual property tax bill is $516, well below the national median of $2,690. Property taxes in Moulton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moulton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Moulton or another part of Lawrence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moulton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$430
Ownwell’s Moulton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moulton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moulton 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 Moulton, Alabama
Property taxes in Moulton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moulton is 0.30%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Moulton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moulton 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 Moulton's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Lawrence County is 0.30%, while the lowest median tax rate is also 0.30%. Understanding how these cities compare with Moulton provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moulton Tax Rate
0.30%
Average Lawrence County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35650 | 0.24% | 0.28% | 0.30% | 0.53% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Moulton, Alabama
In Moulton, 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 Lawrence 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 Moulton, 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 Moulton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $516, found in the 35650 zip code.
Average Moulton Assessed Value
$143,400
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 Moulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35650 | $48,820 | $82,500 | $143,400 | $223,100 | $311,580 |
Source: Ownwell
Property Tax Bills Across Moulton, Alabama
In Moulton, Lawrence County, AL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region can expect their property tax bills to vary significantly, with the 25th percentile paying around $310 and those in the 90th percentile facing bills up to $1,117. The median home price in Moulton is $143,400, and the assessed value is used to calculate the tax owed. Factors such as the local tax rate and any applicable exemptions or deductions also play a crucial role in determining the final tax bill. Compared to the national median property tax rate of 0.99%, Moulton's property tax rate is relatively modest. This affects homeowners by providing a lower financial burden in terms of annual property taxes, making homeownership more affordable. The highest and lowest median tax bills in the area are both recorded at $516 in the 35650 zip code, illustrating a consistent tax environment within the city.
Average Moulton Tax Bill
$516
Average Lawrence County Tax Bill
$474
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Moulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35650 | $173 | $310 | $516 | $780 | $1,117 |
Source: Ownwell