Hartselle, Alabama Property Taxes
The median property tax rate in Hartselle, Alabama is 0.37%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Hartselle, the typical annual property tax bill is $716, well below the national median of $2,690. Property taxes in Hartselle are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hartselle'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 Hartselle or another part of Morgan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartselle, 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 Hartselle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartselle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartselle 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 Hartselle, Alabama
Property taxes in Hartselle, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartselle is 0.37%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Hartselle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartselle 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 Hartselle's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35223 zip code has the highest median property tax rate of 0.66%, while the 35215 zip code has the lowest median tax rate of 0.33%. Understanding how these cities compare with Hartselle provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartselle Tax Rate
0.37%
Average Morgan County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartselle, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35640 | 0.30% | 0.34% | 0.37% | 0.40% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Hartselle, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hartselle, 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 Morgan 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. Assessment notices in Hartselle 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. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 35640 in Hartselle has the highest median tax bill at $716, which is significantly lower than the national median property tax rate of 0.99%.
Average Hartselle Assessed Value
$166,400
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 Hartselle, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35640 | $76,390 | $114,000 | $166,400 | $252,500 | $357,800 |
Source: Ownwell
Property Tax Bills Across Hartselle, Alabama
Property tax bills in Hartselle, located in Morgan County, AL, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For example, if the median home price in Hartselle is $166,400, the assessed value would be a fraction of this amount. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including property characteristics, location, and any applicable exemptions. Homeowners in Hartselle can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is around $465, while the 75th percentile tax bill is approximately $1,050. The 90th percentile tax bill can go up to $1,478, showing a significant range based on property values and assessments. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly, ensuring they are prepared for any fluctuations in their tax bills.
Average Hartselle Tax Bill
$716
Average Morgan County Tax Bill
$697
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartselle, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35640 | $303 | $465 | $716 | $1,050 | $1,478 |
Source: Ownwell