Trinity, Alabama Property Taxes
The median property tax rate in Trinity, AL is 0.40%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $194,500 in Trinity, the typical annual property tax bill amounts to $828, well below the national median of $2,690. Property taxes in Trinity are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Trinity'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 Trinity or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trinity, 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 Trinity Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trinity with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trinity 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 Trinity, Alabama
Property taxes in Trinity, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trinity is 0.33%, significantly lower than both the Alabama state median of 0.39% and the U.S. national median of 0.99%. Local government entities within Trinity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trinity 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 Trinity's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is 0.66%, while the lowest median tax rate is 0.33%. Understanding how these cities compare with Trinity 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 Trinity Tax Rate
0.40%
Average Morgan County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trinity, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35673 | 0.34% | 0.37% | 0.40% | 0.41% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Trinity, Alabama
In Trinity, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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. In Trinity, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Trinity helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Morgan County, the median home price is $194,500, with median tax bills ranging from $600 at the 25th percentile to $1,480 at the 90th percentile. The zip code 35673 has the highest and lowest median tax bill, both at $828.
Average Trinity Assessed Value
$194,500
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 Trinity, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35673 | $92,800 | $141,550 | $194,500 | $255,000 | $324,060 |
Source: Ownwell
Property Tax Bills Across Trinity, Alabama
In Trinity, located in Morgan County, Alabama, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in Trinity, the median home price is $194,500. The property tax rate in Alabama is relatively low compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the 25th percentile tax bill in Trinity is around $600, while the 75th percentile tax bill is approximately $1,118. At the 90th percentile, homeowners might see tax bills as high as $1,480. These figures reflect the variation in property values and the specific circumstances of each property. Understanding how these factors come together helps homeowners anticipate their annual tax obligations and budget accordingly. This knowledge is crucial for financial planning and ensuring compliance with local tax regulations.
Average Trinity Tax Bill
$828
Average Morgan County Tax Bill
$697
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Trinity, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35673 | $404 | $600 | $828 | $1,118 | $1,480 |
Source: Ownwell