Notasulga, Alabama Property Taxes
The median property tax rate in Notasulga, AL is 0.47%, which aligns with the Alabama state median but remains significantly lower than the national median of 0.99%. With a median home value of $87,340 in Notasulga, the typical annual property tax bill amounts to $457, well below the national median of $2,690. Property taxes in Notasulga are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Notasulga'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 Notasulga or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Notasulga, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$410
$381
Ownwell’s Notasulga Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Notasulga. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Notasulga to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, aiding in financial planning and investment decisions. For those interested in more granular data, you can explore trends at the neighborhood level by scrolling down for additional localized information. Your property’s assessed value, determined by Macon County, is crucial for these calculations and can include applicable exemptions.
Property Tax Rates Across Notasulga, Alabama
Property taxes in Notasulga, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Notasulga is 0.47%, which is lower than both the Alabama state median and significantly below the U.S. national median of 0.99%. Local government entities within Notasulga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Notasulga 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 Notasulga's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36866 zip code has the highest median property tax rate of 0.47%, while the same zip code also has the lowest median tax rate of 0.47%. Understanding how these cities compare with Notasulga provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Notasulga Tax Rate
0.47%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | 0.22% | 0.37% | 0.47% | 0.56% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Notasulga, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Notasulga, Alabama. 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 Macon 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 Notasulga, 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. The median home price in Notasulga is $87,340, with tax bills ranging from $200 at the 25th percentile to $1,374 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Notasulga Assessed Value
$87,340
Average Macon County Assessed Value
$64,220
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | $21,890 | $46,460 | $87,340 | $170,615 | $304,110 |
Source: Ownwell
Property Tax Bills Across Notasulga, Alabama
In Notasulga, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. For instance, with a median home price of $87,340, the corresponding property tax bill can vary significantly. Homeowners in the 25th percentile pay around $200, while those in the 75th percentile might see bills up to $803. At the 90th percentile, the tax bill can reach as high as $1,374. The assessed value is multiplied by the local property tax rate set by Macon County. This rate, when compared to the national median property tax rate of 0.99%, provides a framework for understanding how tax liabilities are determined. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the overall tax bill. Understanding these variables helps homeowners anticipate and manage their property tax obligations more effectively.
Average Notasulga Tax Bill
$457
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | $93 | $200 | $457 | $803 | $1,374 |
Source: Ownwell