Town Creek, Lawrence County, Alabama Property Taxes
Median Town Creek, AL effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, and also lower than the Alabama state median of 0.47%.
Median Town Creek, AL home value: $126,800
Median annual Town Creek, AL tax bill: $448, $1,952 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence County calculated?
Property taxes in Town Creek, 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 Town Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Town Creek, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Town Creek, Lawrence County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$380
$353
Property Tax Rates Across Town Creek, Lawrence County, Alabama
Local government entities are responsible for setting property tax rates, which can significantly differ within a state. This variance is due to each county's annual process of estimating its required budget to provide essential services and dividing that by the total value of all taxable properties within its jurisdiction. The result is the property tax rate. Although there are votes and laws involved in establishing these rates and budgets, this is essentially how the process works each year.
In Town Creek, located in Lawrence County, Alabama, the effective property tax rate is a reflection of this process. When compared to other cities within Alabama, Town Creek's rate offers a unique perspective on how local governance impacts property taxes. The median property tax rate in Alabama is considerably lower than the national median of 1.02%, showcasing the variation that can occur even within a single state. This comparison highlights the importance of understanding local tax rates and how they can affect property owners differently across regions.
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 Town Creek Tax Rate
0.30%
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 Town Creek, Lawrence County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35672 | 0.24% | 0.28% | 0.30% | 0.60% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Town Creek, Lawrence County, Alabama
When examining property taxes in Town Creek, 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 March. 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 Town Creek.
For example, the median home price in Town Creek is $126,800, with tax bills ranging significantly across the county. The zip code 35672 has the highest median home price at $126,800.
Property Tax Assessment Values Across Town Creek, Lawrence County, Alabama
Source: Ownwell
$73,200
$224,875
$376,550
Median Town Creek Market Value
$126,800
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 Town Creek, Lawrence County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35672 | $34,960 | $72,050 | $126,800 | $204,184 | $314,120 |
Source: Ownwell
Property Tax Bills Across Town Creek, Lawrence County, Alabama
Median Town Creek Tax Bill
$448
Median Lawrence County Tax Bill
$474
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Town Creek, Lawrence County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35672 | $147 | $261 | $448 | $733 | $1,110 |
Source: Ownwell