Troy, Bullock County, Alabama Property Taxes

Name: Property Tax Bills Across Troy, Bullock County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Troy, AL effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Troy, AL home value: $62,695
Median annual Troy, AL tax bill: $296, $2,104 lower than the national median property tax bill of $2,400.

How are property taxes in Bullock County calculated?

Property taxes in Troy, 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 Troy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Troy, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Troy, Bullock County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$279

$259

Ownwell’s Troy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Troy with just two data points. By entering your property's estimated assessed value, our calculator applies Troy’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bullock County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Troy, Bullock County, Alabama

Local government entities are responsible for setting property tax rates, which can differ significantly even within the same state. Each year, counties estimate their necessary budget to provide essential services and then divide this amount by the total assessed value of all taxable property in their area. This process determines the property tax rate. Although the setting of tax rates and budgets involves votes and legislation, this is essentially how it works annually.

In Troy, located in Bullock County, Alabama, the effective property tax rate stands at 0.44%, which is significantly lower than the national median property tax rate of 1.02%. This makes Troy an attractive option for property owners seeking lower property tax burdens. Compared to other cities in Alabama, Troy maintains a competitive edge with its favorable tax rate. The median property tax in Alabama is also relatively low compared to the national average, making the state appealing for those looking to minimize property tax expenses. Understanding these rates can help property owners make informed decisions about where to invest or settle, considering the financial impact of property taxes on their budgets.

Property Tax Rates Across Troy, Bullock County, Alabama

Source: Ownwell

0.34%

0.48%

0.62%

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 Troy Tax Rate

0.44%

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 Troy, Bullock County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
36081	0.31%	0.36%	0.44%	0.77%	0.93%

Source: Ownwell

Property Tax Assessment Values Across Troy, Bullock County, Alabama

When examining property taxes in Troy, AL, 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 May. 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 Troy. For example, the median home price in Troy is $62,695, with tax bills ranging significantly across the county. Zip code 36081 has the highest median home price at $62,695.

Property Tax Assessment Values Across Troy, Bullock County, Alabama

Source: Ownwell

$37,540

$163,420

$289,300

Median Troy Market Value

$63,440

Median Bullock County Market Value

$53,340

Median Alabama Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Troy, Bullock County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
36081	$19,858	$40,440	$63,440	$121,450	$245,774

Source: Ownwell

Property Tax Bills Across Troy, Bullock County, Alabama

In Troy, located in Bullock County, Alabama, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price here is $62,695, leading to a property tax bill that typically ranges from $183 at the 25th percentile to $1,020 at the 90th percentile. Unlike the national median property tax bill of $2,400, Troy's median tax bill is significantly lower, with a consistent figure of $296 for the 36081 zip code. This affordability is partly due to Alabama's generally lower property tax rates compared to the national median rate of 1.02%. Factors such as local tax rates, property assessments, and applicable exemptions influence the final tax bill. Homeowners in Troy can benefit from ensuring their property is accurately assessed and that they are receiving all eligible exemptions. Ownwell assists homeowners by reviewing their assessments, identifying potential savings through appeals, and securing exemptions, helping to reduce their property tax burden effectively.

Property Tax Bills Across Troy, Bullock County, Alabama

Source: Ownwell

$192

$560

$927

Median Troy Tax Bill

$304

Median Bullock County Tax Bill

$292

Median Alabama Tax Bill

$813

Median United States Tax Bill

$2,400

Property Tax Bills Across Troy, Bullock County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
36081	$117	$182	$304	$577	$998

Source: Ownwell