Mcmullen, Alabama Property Taxes
The median property tax rate in MCMULLEN, AL is 0.68%, which is notably lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With the median home value in MCMULLEN at $36,220, the typical annual property tax bill amounts to $115, significantly below the national median of $2,690. Property taxes in MCMULLEN are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding MCMULLEN'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 MCMULLEN or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcmullen, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$246
$229
Ownwell’s MCMULLEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MCMULLEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MCMULLEN 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 Mcmullen, Alabama
Property taxes in McMullen, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McMullen is 0.33%, which is significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within McMullen set these rates annually, and they can vary significantly across different neighborhoods. Each year, McMullen 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 McMullen's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the county is 0.33%, while the lowest median tax rate is also 0.33%. Understanding how these cities compare with McMullen provides valuable insights into the varying tax landscape across Pickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcmullen Tax Rate
0.68%
Average Pickens County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcmullen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | 0.22% | 0.34% | 0.68% | 0.68% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Mcmullen, Alabama
In MCMULLEN, 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 local 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 MCMULLEN, 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 MCMULLEN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $36,220, with the 25th percentile tax bill at $98 and the 75th percentile tax bill at $218. The highest and lowest median tax bills are both $115, found in zip code 35442.
Average Mcmullen Assessed Value
$36,220
Average Pickens County Assessed Value
$97,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcmullen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | $22,084 | $31,640 | $36,220 | $39,840 | $50,792 |
Source: Ownwell
Property Tax Bills Across Mcmullen, Alabama
Property tax bills in McMullen, located in Pickens County, AL, are calculated based on the assessed value of a property. The assessed value is a percentage of the market value, which is determined by the county tax assessor. In McMullen, the median home price is $36,220. Homeowners can expect their tax bills to vary, with the 25th percentile at $98 and the 75th percentile at $218. For those at the 90th percentile, the tax bill can be as high as $252. These tax bills are influenced by factors such as property location, improvements, and market conditions. Comparing this to the national median property tax rate of 0.99%, McMullen's property taxes are relatively low, making it an attractive location for homeowners seeking affordability. This lower tax burden can significantly impact homeowners by reducing annual expenses, allowing for more financial flexibility and potentially increasing disposable income.
Average Mcmullen Tax Bill
$115
Average Pickens County Tax Bill
$403
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcmullen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35442 | $85 | $98 | $115 | $218 | $252 |
Source: Ownwell