Notasulga, Alabama Property Taxes
The median property tax rate in Notasulga, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Notasulga at $97,650, the typical annual property tax bill is around $278, well below the national median of $2,690. Property taxes in Notasulga are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Notasulga'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 Notasulga 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
Notasulga, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$273
$254
Ownwell’s Notasulga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Notasulga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Notasulga 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 Notasulga, Alabama
Property taxes in Notasulga, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Notasulga is 0.28%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Notasulga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Notasulga 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 Notasulga's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Notasulga provides valuable insights into the varying tax landscape across Tallapoosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Notasulga Tax Rate
0.28%
Average Tallapoosa County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | 0.20% | 0.23% | 0.28% | 0.31% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Notasulga, Alabama
In Notasulga, 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 Tallapoosa 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. 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. For instance, in Notasulga, the median home price is $97,650, with tax bills ranging from $162 at the 25th percentile to $830 at the 90th percentile. The highest and lowest median tax bills are both $278 in the 36866 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Notasulga Assessed Value
$97,650
Average Tallapoosa County Assessed Value
$120,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | $38,040 | $61,500 | $97,650 | $170,650 | $260,400 |
Source: Ownwell
Property Tax Bills Across Notasulga, Alabama
In Notasulga, located in Tallapoosa County, AL, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Factors that influence the assessed value include the property's location, size, and condition. Once the assessed value is established, the tax rate, expressed as a percentage, is applied to calculate the tax bill. In Notasulga, the median home price is $97,650, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $162, while at the 75th percentile, it reaches $507. At the 90th percentile, homeowners can expect to pay around $830. Compared to the national median property tax rate of 0.99%, Notasulga's property taxes can be considered relatively moderate. These taxes are essential for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Notasulga Tax Bill
$278
Average Tallapoosa County Tax Bill
$472
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Notasulga, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36866 | $105 | $162 | $278 | $507 | $830 |
Source: Ownwell