Falkville, Cullman County, Alabama Property Taxes

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

Median Falkville, AL effective property tax rate: 0.23%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Falkville, AL home value: $127,000
Median annual Falkville, AL tax bill: $311, $2,089 lower than the national median property tax bill of $2,400.

How are property taxes in Cullman calculated?

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

Last Updated March 1, 2025

Falkville, Cullman County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.23%

Estimate Property Tax Bill

$292

$271

Ownwell’s Falkville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Falkville with just two data points. By entering your property's estimated assessed value, our calculator applies Falkville’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 Cullman. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Falkville, Cullman County, Alabama

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting tax rates and budgets, but this is the annual process in a nutshell.

Falkville in Cullman County, Alabama, is a prime example of how property tax rates can differ significantly within a state. With a median property tax rate of 0.23%, Falkville stands out when compared to the national median property tax rate of 1.02%. This lower rate can be attributed to the county's budgetary needs and the total assessed value of properties within its jurisdiction.

For homeowners in Falkville, this means a substantially lower property tax bill compared to the national median of $2,400. Understanding these differences can help property owners make informed decisions about where to live and invest. The variation in property tax rates highlights the importance of being aware of local tax policies and how they impact overall living expenses.

Property Tax Rates Across Falkville, Cullman County, Alabama

Source: Ownwell

0.22%

0.29%

0.36%

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 Falkville Tax Rate

0.23%

Median Effective Cullman County Tax Rate

0.25%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Falkville, Cullman County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
35622	0.14%	0.19%	0.23%	0.26%	0.52%

Source: Ownwell

Property Tax Assessment Values Across Falkville, Cullman County, Alabama

When examining property taxes in Falkville, 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 Cullman 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. Assessment notices: Cullman County sends assessment notices 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 Falkville. For example, the median home price in Falkville is $127,000, with tax bills ranging significantly across the county. The 35622 zip code has the highest median home price at $127,000.

Property Tax Assessment Values Across Falkville, Cullman County, Alabama

Source: Ownwell

$88,000

$190,100

$292,200

Median Falkville Market Value

$127,000

Median Cullman County Market Value

$169,500

Median Alabama Market Value

$149,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Falkville, Cullman County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
35622	$45,960	$74,400	$127,000	$205,550	$308,400

Source: Ownwell

Property Tax Bills Across Falkville, Cullman County, Alabama

In Falkville, Cullman County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Falkville is $127,000, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $196, while at the 75th percentile, it rises to $511. At the 90th percentile, it can reach up to $859. These variations in tax bills are influenced by factors such as property location, improvements, and exemptions. Compared to the national median property tax bill of $2,400, Falkville's tax bills are relatively lower, with the highest median tax bill in the 35622 zip code being $311. Homeowners in Falkville can benefit from consulting services like Ownwell, which helps identify potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners can ensure they are not overpaying and can potentially reduce their property tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Falkville, Cullman County, Alabama

Source: Ownwell

$270

$565

$859

Median Falkville Tax Bill

$311

Median Cullman County Tax Bill

$503

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Falkville, Cullman County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
35622	$89	$196	$311	$511	$859

Source: Ownwell