Moulton, Alabama Property Taxes
The median property tax rate in Moulton, Alabama is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $135,650 in Moulton, the typical annual property tax bill amounts to $657, which is well below the national median of $2,690. Property taxes in Moulton are based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Moulton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Moulton or another part of Morgan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moulton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$475
$441
Ownwell’s Moulton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Moulton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Moulton to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Moulton, Alabama
Property taxes in Moulton, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moulton is 0.35%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Moulton set these rates annually, and they can vary across different neighborhoods. Each year, Moulton 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 Moulton's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Moulton provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moulton Tax Rate
0.35%
Average Morgan County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35650 | 0.21% | 0.29% | 0.35% | 0.48% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Moulton, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moulton, Morgan County, 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 local appraisal authorities 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 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. In Moulton, the median home price is $135,650, with tax bills ranging from $567 at the 25th percentile to $722 at the 90th percentile. The zip code 35650 has the highest and lowest median tax bill, both at $657. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, and apply for exemptions to effectively manage the tax burden.
Average Moulton Assessed Value
$135,650
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 Moulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35650 | $89,560 | $91,900 | $135,650 | $239,325 | $349,530 |
Source: Ownwell
Property Tax Bills Across Moulton, Alabama
In Moulton, located in Morgan County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Moulton is $135,650, and property taxes are levied accordingly. Homeowners in this region can expect their tax bills to vary, with the 25th percentile tax bill at $567, the 75th percentile at $680, and the 90th percentile reaching $722. Factors affecting the tax bill include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For example, a home assessed at the median price of $135,650 would incur a tax bill that aligns closely with the median tax bill of $657 in the 35650 zip code. Compared to the national median property tax rate of 0.99%, Moulton's property tax rates are relatively moderate, offering some financial relief to homeowners. These tax bills fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Moulton Tax Bill
$657
Average Morgan County Tax Bill
$697
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Moulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35650 | $407 | $567 | $657 | $680 | $722 |
Source: Ownwell