Toney, Madison County, Alabama Property Taxes

Name: Property Tax Bills Across Toney, Madison County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Toney, AL effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Toney, AL home value: $196,650
Median annual Toney, AL tax bill: $766, $1,634 lower than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

Property taxes in Toney, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Toney’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toney, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Toney, Madison County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.34%

Estimate Property Tax Bill

$669

$620

Ownwell’s Toney Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Toney with just two data points. By entering your property's estimated assessed value, our calculator applies Toney’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Madison. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Toney, Madison County, Alabama

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Toney, Madison County, Alabama, property tax rates are notably lower than the national average. The effective property tax rate in Madison County is significantly below the national median property tax rate of 1.02%. This makes Toney an attractive option for property owners looking for lower tax burdens. When comparing Toney's effective property tax rate to other cities in Alabama, it becomes evident that property owners in this area benefit from a more favorable tax environment. Understanding these variations can help property owners make informed decisions when purchasing or maintaining property in different regions.

Property Tax Rates Across Toney, Madison County, Alabama

Source: Ownwell

0.33%

0.74%

1.16%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Toney Tax Rate

0.34%

Median Effective Madison County Tax Rate

0.56%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Toney, Madison County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
35773	0.28%	0.33%	0.34%	0.70%	0.72%

Source: Ownwell

Property Tax Assessment Values Across Toney, Madison County, Alabama

When examining property taxes in Toney, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Madison County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Toney. For example, the median home price in Toney is $196,650, with tax bills ranging significantly across the county. Zip code 35773 has the highest median home price at $196,650.

Property Tax Assessment Values Across Toney, Madison County, Alabama

Source: Ownwell

$97,250

$226,775

$356,300

Median Toney Market Value

$196,650

Median Madison County Market Value

$243,200

Median Alabama Market Value

$149,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Toney, Madison County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
35773	$66,170	$136,325	$196,650	$274,900	$380,560

Source: Ownwell

Property Tax Bills Across Toney, Madison County, Alabama

In Toney, Madison County, Alabama, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Toney is $196,650, with property tax bills ranging from $508 at the 25th percentile to $1,779 at the 90th percentile. Homeowners in Toney experience a median tax bill of $766, significantly lower than the national median of $2,400. These tax bills are influenced by local tax rates and the assessed value of the property, which can fluctuate based on market conditions and improvements made to the home.

Homeowners can feel the impact of these taxes on their annual budgets, making it essential to ensure they are not overpaying. Ownwell helps homeowners in Toney by offering property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and market data, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share. This service can be particularly beneficial in areas with fluctuating property values, providing peace of mind and financial relief.

Property Tax Bills Across Toney, Madison County, Alabama

Source: Ownwell

$292

$1,373

$2,453

Median Toney Tax Bill

$766

Median Madison County Tax Bill

$1,321

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Toney, Madison County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
35773	$279	$508	$766	$1,185	$1,779

Source: Ownwell