Morgan County, Alabama Property Taxes
The median property tax rate in Morgan County is 0.40%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Morgan County at $149,900, the typical annual property tax bill is around $697, much lower than the national median of $2,690. Property taxes in Morgan County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Morgan County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Decatur or another part of Morgan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morgan County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$600
$556
Ownwell’s Morgan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Morgan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Morgan County 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 Morgan County, Alabama
Property taxes in Morgan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Morgan County is 0.40%, which is lower than the U.S. national median of 0.99%. Local government entities within Morgan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Morgan County 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. For comparison, the city of Decatur has one of the higher property tax rates in the region at 0.43%. Analyzing how Morgan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Morgan County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morgan County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arab | 0.30% | 0.33% | 0.35% | 0.37% | 0.39% |
| Baileyton | 0.23% | 0.28% | 0.32% | 0.35% | 0.65% |
| Danville | 0.24% | 0.32% | 0.37% | 0.40% | 0.80% |
| Decatur | 0.35% | 0.38% | 0.43% | 0.90% | 0.91% |
| Eva | 0.25% | 0.30% | 0.34% | 0.37% | 0.75% |
| Falkville | 0.24% | 0.31% | 0.36% | 0.42% | 0.84% |
| Hartselle | 0.30% | 0.34% | 0.37% | 0.40% | 0.79% |
| Joppa | 0.24% | 0.29% | 0.34% | 0.36% | 0.75% |
| Laceys Spring | 0.24% | 0.32% | 0.37% | 0.42% | 0.80% |
| Moulton | N/A | N/A | N/A | N/A | N/A |
| Somerville | 0.24% | 0.31% | 0.36% | 0.39% | 0.79% |
| Trinity | 0.34% | 0.37% | 0.40% | 0.41% | 0.85% |
| Union Grove | 0.26% | 0.31% | 0.36% | 0.43% | 0.80% |
| Valhermoso Springs | 0.22% | 0.31% | 0.36% | 0.53% | 0.83% |
| Vinemont | 0.28% | 0.31% | 0.34% | 0.64% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Morgan County, Alabama
In Morgan 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 Morgan 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 Morgan 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. For instance, Arab has the highest median tax bill at $1,289, while Vinemont has the lowest at $333. Being aware of these valuation processes in Morgan County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Morgan County Assessed Value
$149,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morgan County, Alabama
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arab | $102,130 | $144,350 | $326,450 | $544,625 | $812,550 |
| Baileyton | $51,100 | $90,250 | $136,500 | $226,450 | $327,500 |
| Danville | $66,100 | $103,400 | $158,300 | $241,450 | $350,900 |
| Decatur | $54,400 | $88,900 | $141,300 | $222,000 | $312,600 |
| Eva | $55,300 | $91,850 | $144,700 | $214,625 | $301,000 |
| Falkville | $41,810 | $68,175 | $112,850 | $193,100 | $290,400 |
| Hartselle | $76,390 | $114,000 | $166,400 | $252,500 | $357,800 |
| Joppa | $38,980 | $70,925 | $135,750 | $224,400 | $313,870 |
| Laceys Spring | $35,160 | $74,400 | $149,100 | $234,600 | $340,820 |
| Moulton | N/A | N/A | N/A | N/A | N/A |
| Somerville | $53,800 | $91,450 | $158,600 | $247,000 | $346,400 |
| Trinity | $92,800 | $141,550 | $194,500 | $255,000 | $324,060 |
| Union Grove | $49,580 | $83,900 | $142,800 | $208,900 | $286,980 |
| Valhermoso Springs | $33,960 | $54,900 | $99,100 | $199,600 | $307,680 |
| Vinemont | $36,420 | $57,350 | $87,150 | $164,450 | $272,810 |
Source: Ownwell
Property Tax Bills Across Morgan County, Alabama
In Morgan County, AL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is then multiplied by the tax rate to determine the annual tax bill. Homeowners in Morgan County experience a range of tax bills, with the 25th percentile paying around $429 annually, while those in the 75th percentile pay approximately $1,033. The top 10% of property owners face tax bills up to $1,467. Factors such as property location, market conditions, and any applicable exemptions play a significant role in determining the assessed value and, consequently, the tax bill. For comparison, the highest median tax bill in the county is in Arab, at $1,289, whereas the lowest is in Vinemont, at $333. Given the national median property tax rate of 0.99%, Morgan County's tax bills can be significantly lower, making it an attractive area for homeowners looking to manage their annual expenses.
Average Morgan County Tax Bill
$697
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Morgan County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arab | $425 | $584 | $1,289 | $1,879 | $4,185 |
| Baileyton | $138 | $296 | $472 | $806 | $1,226 |
| Danville | $248 | $395 | $607 | $934 | $1,309 |
| Decatur | $298 | $453 | $732 | $1,067 | $1,525 |
| Eva | $172 | $340 | $539 | $792 | $1,129 |
| Falkville | $141 | $278 | $492 | $795 | $1,169 |
| Hartselle | $303 | $465 | $716 | $1,050 | $1,478 |
| Joppa | $130 | $287 | $530 | $826 | $1,096 |
| Laceys Spring | $123 | $324 | $608 | $1,002 | $1,513 |
| Moulton | N/A | N/A | N/A | N/A | N/A |
| Somerville | $174 | $341 | $618 | $945 | $1,357 |
| Trinity | $404 | $600 | $828 | $1,118 | $1,480 |
| Union Grove | $186 | $376 | $579 | $899 | $1,308 |
| Valhermoso Springs | $109 | $224 | $447 | $747 | $1,229 |
| Vinemont | $157 | $229 | $333 | $688 | $1,160 |
Source: Ownwell