Moody, Alabama Property Taxes
The median property tax rate in Moody, AL is 0.49%, slightly higher than the state median of 0.47% but below the national median of 0.99%. With a median home value of $180,760 in Moody, the typical annual property tax bill is $932, significantly lower than the national median of $2,690. Property taxes in Moody are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moody’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 Moody 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
Moody, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$886
$822
Ownwell’s Moody Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moody with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moody 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 Moody, Alabama
Property taxes in Moody, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moody is 0.49%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Moody set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moody 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 Moody's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35004 zip code has both the highest and lowest median property tax rate of 0.49%. Understanding how these cities compare with Moody provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moody Tax Rate
0.49%
Average St. Clair County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moody, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35004 | 0.42% | 0.48% | 0.49% | 0.50% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Moody, Alabama
In Moody, 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 St. Clair 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 Moody, 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. The median home price in Moody is $180,760, with the 25th percentile tax bill at $707 and the 75th percentile at $1,234. The highest and lowest median tax bills are both $932 in the 35004 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moody Assessed Value
$180,760
Average St. Clair County Assessed Value
$169,020
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moody, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35004 | $107,245 | $145,628 | $180,760 | $222,688 | $288,235 |
Source: Ownwell
Property Tax Bills Across Moody, Alabama
In Moody, located in St. Clair County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessment ratio in Alabama is typically 10% of the market value for residential properties. For a median home price of $180,760, the assessed value would be approximately $18,076. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the final tax bill, including the home's location within the city, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Moody can expect their property tax bills to vary, with the 25th percentile at $707 and the 75th percentile at $1234. The 90th percentile tax bill reaches up to $1670, indicating that higher-value properties or those without exemptions can see significantly higher taxes. Compared to the national median property tax rate of 0.99%, Moody’s property taxes can be considered relatively moderate, providing some financial relief to homeowners.
Average Moody Tax Bill
$932
Average St. Clair County Tax Bill
$648
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Moody, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35004 | $490 | $707 | $932 | $1,234 | $1,670 |
Source: Ownwell