Hanceville, Cullman County, Alabama Property Taxes
Median Hanceville, AL effective property tax rate: 0.25%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Hanceville, AL home value: $138,800
Median annual Hanceville, AL tax bill: $375, $2,025 lower than the national median property tax bill of $2,400.
How are property taxes in Cullman calculated?
Property taxes in Hanceville, 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 Hanceville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hanceville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hanceville, Cullman County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.25%
Estimate Property Tax Bill
$347
$322
Property Tax Rates Across Hanceville, Cullman County, Alabama
Local government entities in Alabama, including those in Cullman County, determine property tax rates, which can differ significantly across the state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. Although the process involves votes and laws, this is essentially how annual tax rates are set.
For instance, Hanceville in Cullman County has a property tax rate that reflects this process. When comparing Hanceville’s effective property tax rate to other cities in Alabama, it's important to note that Alabama's median property tax rate is considerably lower than the national median of 1.02%. This comparison highlights how Hanceville’s rate stands in relation to both state and national averages. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.
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 Hanceville Tax Rate
0.25%
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 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 Hanceville, Cullman County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35077 | 0.16% | 0.21% | 0.25% | 0.33% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Hanceville, Cullman County, Alabama
When examining property taxes in Hanceville, 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.
In Cullman 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 Hanceville.
For example, the median home price in Hanceville is $138,800, with tax bills ranging significantly across the county. The zip code 35077 has the highest median home price at $138,800.
Property Tax Assessment Values Across Hanceville, Cullman County, Alabama
Source: Ownwell
$88,000
$190,100
$292,200
Median Hanceville Market Value
$138,800
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 Hanceville, Cullman County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35077 | $52,000 | $87,625 | $138,800 | $216,425 | $325,340 |
Source: Ownwell
Property Tax Bills Across Hanceville, Cullman County, Alabama
Median Hanceville Tax Bill
$375
Median Cullman County Tax Bill
$503
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Hanceville, Cullman County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35077 | $120 | $235 | $375 | $611 | $949 |
Source: Ownwell