Montevallo, Chilton County, Alabama Property Taxes
Median Montevallo, AL effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Montevallo, AL home value: $75,100
Median annual Montevallo, AL tax bill: $414, $1,986 lower than the national median property tax bill of $2,400.
How are property taxes in Chilton County calculated?
Property taxes in Montevallo, 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 Montevallo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montevallo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montevallo, Chilton County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.42%
Estimate Property Tax Bill
$315
$293
Property Tax Rates Across Montevallo, Chilton County, Alabama
Local government entities are responsible for setting property tax rates, which can differ significantly across a state. This variation arises because each county estimates its annual budget to fund essential services and then divides this budget by the total assessed value of all taxable property within its borders. This calculation determines the property tax rate. Although votes and legislation play a role in establishing these rates and budgets, this is the fundamental process followed each year.
In Montevallo, located in Chilton County, Alabama, the effective property tax rate can be compared to other cities within the state and against the median property tax rates in Alabama and across the United States. Montevallo's property tax rate is substantially lower than the national median of 1.02%, reflecting Alabama's generally lower property tax rates. This can result in significant savings for homeowners in Montevallo compared to national averages, making it an attractive location for property investment. Understanding these differences is crucial for property owners looking to optimize their tax liabilities and make informed decisions about their real estate investments.
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 Montevallo Tax Rate
0.42%
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 Chilton County Tax Rate
0.45%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montevallo, Chilton County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35115 | 0.24% | 0.33% | 0.42% | 0.86% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Montevallo, Chilton County, Alabama
When examining property taxes in Montevallo, 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 Chilton 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 Chilton 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 Montevallo. For example, the median home price in Montevallo is $75,100, with tax bills ranging significantly across the county. Zip code 35115 has the highest median home price at $75,100.
Property Tax Assessment Values Across Montevallo, Chilton County, Alabama
Source: Ownwell
$75,100
$111,575
$148,050
Median Montevallo Market Value
$75,100
Median Chilton County Market Value
$120,400
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montevallo, Chilton County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35115 | $31,850 | $44,000 | $75,100 | $163,975 | $244,800 |
Source: Ownwell
Property Tax Bills Across Montevallo, Chilton County, Alabama
Median Montevallo Tax Bill
$414
Median Chilton County Tax Bill
$562
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Montevallo, Chilton County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35115 | $92 | $189 | $414 | $777 | $1,181 |
Source: Ownwell