Union Grove, Alabama Property Taxes
The median property tax rate in Union Grove, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $142,800 in Union Grove, the typical annual property tax bill is $579, which is well below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Union Grove'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 Union Grove 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
Union Grove, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$514
Ownwell’s Union Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Grove 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 Union Grove, Alabama
Property taxes in Union Grove, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Grove is 0.36%, significantly lower than the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Union Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Grove 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 Union Grove's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 35203 has the highest median property tax rate of 0.66%, while ZIP code 35503 has the lowest median tax rate of 0.33%. Understanding how these cities compare with Union Grove 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 Union Grove Tax Rate
0.36%
Average Morgan County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Grove, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35175 | 0.26% | 0.31% | 0.36% | 0.43% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Union Grove, Alabama
In Union Grove, 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 Union Grove, 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 Union Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $579 in zip code 35175.
Average Union Grove Assessed Value
$142,800
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 Union Grove, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35175 | $49,580 | $83,900 | $142,800 | $208,900 | $286,980 |
Source: Ownwell
Property Tax Bills Across Union Grove, Alabama
In Union Grove, 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, and this percentage can vary. Once the assessed value is established, the local tax rate, known as the millage rate, is applied to this value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, homeowners may qualify for exemptions that can significantly lower their tax burden. In Union Grove, the median home price is $142,800, and property tax bills can range widely. At the 25th percentile, homeowners might pay around $376 annually, while those at the 75th percentile could see bills as high as $899. The 90th percentile tax bill can reach up to $1308. These variations reflect differences in property values and applicable exemptions, impacting how much homeowners ultimately owe each year.
Average Union Grove Tax Bill
$579
Average Morgan County Tax Bill
$697
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Grove, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35175 | $186 | $376 | $579 | $899 | $1,308 |
Source: Ownwell