Midway, Bullock County, Alabama Property Taxes
Median Midway, AL effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but higher than the Alabama state median of 0.47%.
Median Midway, AL home value: $46,120
Median annual Midway, AL tax bill: $245, $2,155 lower than the national median property tax bill of $2,400.
How are property taxes in Bullock County calculated?
Property taxes in Midway, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Midway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Midway, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Midway, Bullock County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$244
$227
Property Tax Rates Across Midway, Bullock County, Alabama
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services annually and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Midway in Bullock County, Alabama, offers an interesting case study. The effective property tax rate here is relatively low compared to other cities in Alabama and significantly below the national median. This can be an attractive factor for property owners seeking lower tax liabilities. The median property tax rate in Alabama is also lower than the national average, making it a generally favorable state for property tax considerations.
Comparing these rates can be crucial for homeowners or potential buyers looking to understand their financial obligations. Lower property tax rates can mean significant savings over time, making Midway an appealing location for those prioritizing cost-effective living.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Midway Tax Rate
0.53%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bullock County Tax Rate
0.49%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Midway, Bullock County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36053 | 0.30% | 0.39% | 0.53% | 0.93% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Midway, Bullock County, Alabama
When examining property taxes in Midway, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bullock County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bullock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Midway. For example, the median home price in Midway is $46,120, with tax bills ranging significantly across the county. Zip code 36053 has the highest median home price at $46,120.
Property Tax Assessment Values Across Midway, Bullock County, Alabama
Source: Ownwell
$37,540
$164,265
$290,990
Median Midway Market Value
$46,120
Median Bullock County Market Value
$52,910
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Midway, Bullock County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36053 | $7,612 | $24,640 | $46,120 | $69,960 | $131,664 |
Source: Ownwell
Property Tax Bills Across Midway, Bullock County, Alabama
Median Midway Tax Bill
$245
Median Bullock County Tax Bill
$289
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Midway, Bullock County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36053 | $53 | $112 | $245 | $434 | $659 |
Source: Ownwell