Toney, Limestone County, Alabama Property Taxes
Median Toney, AL effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, and also lower than the Alabama state median of 0.47%.
Median Toney, AL home value: $195,500
Median annual Toney, AL tax bill: $692, $1,708 lower than the national median property tax bill of $2,400.
How are property taxes in Limestone County calculated?
Property taxes in Toney, 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 Toney’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toney, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Toney, Limestone County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.38%
Estimate Property Tax Bill
$743
$689
Ownwell’s Toney Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Toney with just two data points.
By entering your property's estimated assessed value, our calculator applies Toney’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 Limestone County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Toney, Limestone County, Alabama
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties like Limestone in Alabama estimate their budget needs for public services and divide this by the total assessed value of all taxable properties in their jurisdiction. This calculation establishes the property tax rate. While the process involves votes and legal regulations, this is essentially how it operates annually.
In Toney, located in Limestone County, the effective property tax rate is notably lower than both the Alabama state median and the national median. Alabama's median property tax rate is 0.38%, which is significantly below the national median of 1.02%. This means that homeowners in Toney benefit from some of the lowest property tax rates in the nation, allowing them to potentially save more money compared to property owners in other states. This lower tax burden can make Toney an attractive place for potential homeowners looking to maximize their investment. Comparing Toney's tax rate with other cities in Alabama and the national average highlights the advantage of owning property in this region.
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 Toney Tax Rate
0.38%
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 Limestone County Tax Rate
0.42%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Toney, Limestone County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35773 | 0.18% | 0.34% | 0.38% | 0.45% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Toney, Limestone County, Alabama
When examining property taxes in Toney, 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 Limestone 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: In Limestone 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 Toney. For example, the median home price in Toney is $195,500, with tax bills ranging significantly across the county. Zip code 35773 has the highest median home price at $195,500.
Property Tax Assessment Values Across Toney, Limestone County, Alabama
Source: Ownwell
$76,600
$201,425
$326,250
Median Toney Market Value
$195,500
Median Limestone County Market Value
$202,600
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Toney, Limestone County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35773 | $38,310 | $112,100 | $195,500 | $266,450 | $407,720 |
Source: Ownwell
Property Tax Bills Across Toney, Limestone County, Alabama
Median Toney Tax Bill
$692
Median Limestone County Tax Bill
$871
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Toney, Limestone County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35773 | $116 | $399 | $692 | $1,083 | $1,563 |
Source: Ownwell