Normal, Alabama Property Taxes
The median property tax rate in Normal, AL is 0.54%, slightly higher than the state median of 0.47% but still below the national median of 0.99%. With a median home value of $140,550 in Normal, the typical annual property tax bill amounts to $784, which is significantly lower than the national median of $2,690. Property taxes in Normal are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Normal'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 Normal 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
Normal, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s NORMAL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NORMAL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NORMAL 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 Normal, Alabama
Property taxes in Normal, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Normal is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Normal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Normal 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 Normal's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36749 zip code has the highest median property tax rate of 0.54%, while the 36749 zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Normal provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Normal Tax Rate
0.54%
Average Madison County Tax Rate
0.56%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Normal, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35762 | 0.34% | 0.41% | 0.54% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Normal, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Normal, Alabama. Market value represents 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 Madison 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 Normal, 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. The median home price in Normal is $140,550, with tax bills ranging from $710 at the 25th percentile to $876 at the 90th percentile. The highest median tax bill of $784 is found in the 35762 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Normal Assessed Value
$140,550
Average Madison County Assessed Value
$243,200
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Normal, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35762 | $85,490 | $106,325 | $140,550 | $190,675 | $240,130 |
Source: Ownwell
Property Tax Bills Across Normal, Alabama
In Normal, AL, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $140,550, homeowners in Normal can expect varying tax bills. The 25th percentile tax bill is around $710, while the 75th percentile reaches $841, and the 90th percentile is approximately $876. These figures illustrate the range of tax burdens across different property values. Factors such as property improvements, changes in market conditions, and local tax rates significantly impact the assessed value and, consequently, the tax bill. Homeowners in Normal experience property tax rates that are competitive when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners manage their budgets and anticipate future tax obligations.
Average Normal Tax Bill
$784
Average Madison County Tax Bill
$1,321
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Normal, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35762 | $666 | $710 | $784 | $841 | $876 |
Source: Ownwell