Townley, Walker County, Alabama Property Taxes
The median property tax rate in Townley, AL is 0.23%, significantly lower than the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $90,350 in Townley, the typical annual property tax bill amounts to $224, well below the national median of $2,690. Property taxes in Townley 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 Townley'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 Townley 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
Townley, Walker County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$208
$193
Ownwell’s Townley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Townley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Townley 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 Townley, Walker County, Alabama
Property taxes in Townley, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Townley is 0.33%, higher than both the Alabama state median of 0.41% but lower than the U.S. national median of 0.99%. Local government entities within Townley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Townley 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 Townley's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 35587 has the highest median property tax rate of 0.34%, while ZIP code 35581 has the lowest median tax rate of 0.31%. Understanding how these cities compare with Townley provides valuable insights into the varying tax landscape across Walker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Townley Tax Rate
0.23%
Average Walker County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Townley, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35587 | 0.14% | 0.19% | 0.23% | 0.35% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Townley, Walker County, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Townley, Alabama. 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 Walker 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 Townley, 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 Townley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 35587 has the highest median tax bill at $224.
Property Tax Assessment Values Across Townley, Walker County, Alabama
Source: Ownwell
$37,600
$103,950
$170,300
Average Townley Assessed Value
$90,350
Average Walker County Assessed Value
$97,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Townley, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35587 | $25,000 | $49,825 | $90,350 | $154,175 | $231,950 |
Source: Ownwell
Property Tax Bills Across Townley, Walker County, Alabama
In Townley, located in Walker County, AL, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in this area is $90,350. To determine the tax bill, local authorities apply the tax rate to the assessed value. The property tax rate in Walker County is lower than the national median of 0.99%. For instance, homeowners in the 25th percentile can expect a tax bill around $105, while those in the 75th percentile might see a bill closer to $417. The 90th percentile tax bill can reach up to $570. These figures illustrate how property values and tax rates combine to affect homeowners differently. The highest and lowest median tax bills in the area are both $224, highlighting a relatively narrow range of property tax burdens. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Townley Tax Bill
$224
Average Walker County Tax Bill
$298
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Townley, Walker County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35587 | $48 | $105 | $224 | $417 | $570 |
Source: Ownwell