Montgomery County Property Taxes
The median property tax rate in Montgomery County is 0.48%, which is slightly above the Alabama state median of 0.47% but significantly lower than the national median of 0.99%. With a median home value of $131,500 in Montgomery County, the typical annual property tax bill amounts to $782, considerably less than the national median of $2,690. Property taxes in Montgomery County are calculated based on the tax assessed value, which is usually lower than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Montgomery County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Montgomery or another part of Montgomery County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Montgomery County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$631
Ownwell’s Montgomery Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Montgomery with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Montgomery to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Montgomery County, Alabama
Property taxes in Montgomery play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Montgomery is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Montgomery set these rates annually, and they can vary significantly between different areas within the county. Each year, Montgomery 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. The following data compares Montgomery's effective property tax rate with other counties in Alabama and the national median. For comparison, the city of Pike Road has one of the higher property tax rates in Alabama at 0.68%, while the city of Fitzpatrick boasts one of the lowest at 0.41%. Analyzing how Montgomery's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Montgomery County Tax Rate
0.48%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montgomery County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cecil | 0.34% | 0.41% | 0.68% | 0.68% | 1.38% |
| Fitzpatrick | 0.22% | 0.34% | 0.41% | 0.68% | 0.69% |
| Grady | 0.24% | 0.34% | 0.38% | 0.42% | 0.82% |
| Highland Home | 0.38% | 0.38% | 0.39% | 0.39% | 0.39% |
| Hope Hull | 0.27% | 0.35% | 0.39% | 0.82% | 0.82% |
| Lapine | 0.26% | 0.33% | 0.39% | 0.82% | 0.82% |
| Letohatchee | 0.22% | 0.33% | 0.39% | 0.62% | 0.82% |
| Mathews | 0.21% | 0.34% | 0.39% | 0.41% | 0.82% |
| Millbrook | 0.39% | 0.39% | 0.39% | 0.41% | 0.66% |
| Montgomery | 0.42% | 0.46% | 0.48% | 0.98% | 0.99% |
| Mount Meigs | N/A | N/A | N/A | N/A | N/A |
| Pike Road | 0.47% | 0.67% | 0.68% | 0.68% | 1.38% |
| Ramer | 0.22% | 0.32% | 0.39% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Montgomery County, Alabama
In Montgomery 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 Montgomery 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 Montgomery 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. Being aware of these valuation processes in Montgomery County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Montgomery County, the highest median tax bill is in Pike Road at $2,530, while the lowest is in Lapine at $464.
Property Tax Assessment Values Across Montgomery County, Alabama
Source: Ownwell
$30,000
$231,400
$432,800
Average Montgomery County Assessed Value
$131,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montgomery County, Alabama
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cecil | $87,260 | $220,225 | $330,550 | $442,475 | $572,670 |
| Fitzpatrick | $88,170 | $216,575 | $432,800 | $550,450 | $664,490 |
| Grady | $40,260 | $71,000 | $114,300 | $218,000 | $355,100 |
| Highland Home | $91,720 | $106,300 | $134,200 | $191,900 | $217,400 |
| Hope Hull | $27,900 | $62,750 | $167,000 | $277,800 | $416,900 |
| Lapine | $24,840 | $48,600 | $98,500 | $188,600 | $317,180 |
| Letohatchee | $46,840 | $90,450 | $188,200 | $272,550 | $355,290 |
| Mathews | $114,600 | $251,150 | $409,100 | $563,650 | $813,300 |
| Millbrook | $46,200 | $100,250 | $226,900 | $262,200 | $262,550 |
| Montgomery | $26,900 | $63,000 | $122,550 | $207,100 | $321,500 |
| Mount Meigs | N/A | N/A | N/A | N/A | N/A |
| Pike Road | $170,380 | $271,000 | $359,900 | $462,700 | $576,720 |
| Ramer | $40,130 | $68,125 | $127,900 | $247,550 | $432,170 |
Source: Ownwell
Property Tax Bills Across Montgomery County, Alabama
In Montgomery County, AL, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the property's market value. The county uses an assessment ratio to convert the market value into an assessed value, which is then multiplied by the local tax rate to determine the tax bill. Various factors, including property location, size, and condition, influence the market value. For homeowners in Montgomery County, the median home price is $131,500. Tax bills can vary significantly, with the 25th percentile at $423 and the 75th percentile at $1339. At the higher end, the 90th percentile tax bill reaches $2206. Comparatively, within the county, Pike Road has the highest median tax bill at $2530, while Lapine has the lowest at $464. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly affecting homeowners' financial planning and community quality. With the national median property tax rate at 0.99%, Montgomery County offers a range of tax bills reflecting diverse property values and community needs.
Average Montgomery County Tax Bill
$782
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Montgomery County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cecil | $520 | $1,047 | $1,956 | $2,872 | $4,156 |
| Fitzpatrick | $321 | $622 | $1,612 | $3,343 | $4,483 |
| Grady | $157 | $288 | $484 | $853 | $1,371 |
| Highland Home | $754 | $780 | $823 | $867 | $893 |
| Hope Hull | $101 | $274 | $731 | $1,128 | $1,728 |
| Lapine | $95 | $239 | $464 | $737 | $1,356 |
| Letohatchee | $213 | $372 | $658 | $1,001 | $1,620 |
| Mathews | $390 | $878 | $1,514 | $2,120 | $3,423 |
| Millbrook | $427 | $787 | $1,023 | $1,025 | $1,026 |
| Montgomery | $202 | $411 | $748 | $1,212 | $1,851 |
| Mount Meigs | N/A | N/A | N/A | N/A | N/A |
| Pike Road | $1,095 | $1,854 | $2,530 | $3,353 | $4,462 |
| Ramer | $142 | $288 | $539 | $1,041 | $1,618 |
Source: Ownwell