Mount Hope, Lawrence County, Alabama Property Taxes
Median Mount Hope, AL effective property tax rate: 0.29%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Mount Hope, AL home value: $143,111
Median annual Mount Hope, AL tax bill: $478, $1,922 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence calculated?
Property taxes in Mount Hope, 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 Mount Hope’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Hope, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Hope, Lawrence County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.29%
Estimate Property Tax Bill
$415
$385
Property Tax Rates Across Mount Hope, Lawrence County, Alabama
Local government entities set tax rates, and these can vary significantly within a state. This variation occurs because each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially how the process works annually.
In Mount Hope, located in Lawrence County, Alabama, the effective property tax rate is notably lower compared to other cities in the state and the national average. Lawrence County's median property tax rate is 0.29%, which is significantly below the national median property tax rate of 1.02%. This suggests that residents in Mount Hope benefit from lower property taxes compared to many other parts of the country. For property owners, this means a relatively lower tax burden, which can be an attractive feature for those considering purchasing property in this area. Comparing Mount Hope’s tax rates to both state and national figures highlights the potential for savings on property tax bills, making it an appealing location for current and prospective homeowners.
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 Mount Hope Tax Rate
0.29%
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 Lawrence County Tax Rate
0.30%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Hope, Lawrence County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35651 | 0.23% | 0.27% | 0.29% | 0.48% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Mount Hope, Lawrence County, Alabama
When examining property taxes in Mount Hope, 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 Lawrence 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 Lawrence 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 Mount Hope.
For example, the median home price in Mount Hope is $143,111, with tax bills ranging significantly across the county. Zip code 35651 has the highest median home price at $143,111.
Property Tax Assessment Values Across Mount Hope, Lawrence County, Alabama
Source: Ownwell
$73,200
$224,875
$376,550
Median Mount Hope Market Value
$143,111
Median Lawrence County Market Value
$132,500
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Hope, Lawrence County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35651 | $43,840 | $83,796 | $143,111 | $213,900 | $321,594 |
Source: Ownwell
Property Tax Bills Across Mount Hope, Lawrence County, Alabama
In Mount Hope, Lawrence County, Alabama, property tax bills are determined by the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $143,111, homeowners in Mount Hope typically see tax bills ranging from $280 at the 25th percentile to $1,194 at the 90th percentile. These figures indicate a significant variance in tax liabilities, highlighting the importance of accurate property valuation.
Compared to the national median property tax rate of 1.02% and median property tax bill of $2,400, Mount Hope's property tax burden is relatively lower. However, homeowners can still benefit from ensuring their property is not over-assessed. Ownwell provides services to help homeowners appeal and potentially lower their property tax bills. By analyzing property data and market trends, Ownwell identifies opportunities for tax savings, ensuring that homeowners pay only their fair share. This can result in significant financial relief, especially for those at the higher end of the tax spectrum.
Median Mount Hope Tax Bill
$478
Median Lawrence County Tax Bill
$474
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Hope, Lawrence County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35651 | $143 | $280 | $478 | $729 | $1,194 |
Source: Ownwell