Nanafalia, Marengo County, Alabama Property Taxes
Median Nanafalia, 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 Nanafalia, AL home value: $65,800. Median annual Nanafalia, AL tax bill: $167, $2,233 lower than the national median property tax bill of $2,400.
How are property taxes in Marengo County calculated?
Property taxes in Nanafalia, 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 Nanafalia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nanafalia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nanafalia, Marengo County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.25%
Estimate Property Tax Bill
$165
$153
Property Tax Rates Across Nanafalia, Marengo County, Alabama
Local government entities set tax rates, and these can vary significantly within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play roles in setting tax rates and budgets, this is essentially the annual process.
In Nanafalia, located in Marengo County, Alabama, the effective property tax rate is a modest 0.25%. This rate is considerably lower than the national median property tax rate of 1.02%. Such a low rate can be attributed to the county's budgetary needs and the total assessed property values. Homeowners in Nanafalia enjoy a property tax burden significantly below the national median property tax bill of $2,400.
Comparing Nanafalia’s effective property tax rate to other cities in Alabama and the U.S. highlights the benefits of living in an area with lower property taxes. This can be a persuasive factor for potential homeowners looking for affordable property tax options.
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 Nanafalia 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 Marengo County Tax Rate
0.40%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nanafalia, Marengo County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36764 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Nanafalia, Marengo County, Alabama
When examining property taxes in Nanafalia, 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 Marengo 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 Marengo 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 Nanafalia.
For example, the median home price in Nanafalia is $65,800, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Nanafalia, Marengo County, Alabama
Source: Ownwell
$49,800
$88,410
$127,020
Median Nanafalia Market Value
$65,800
Median Marengo County Market Value
$83,940
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nanafalia, Marengo County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36764 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Nanafalia, Marengo County, Alabama
In Nanafalia, located in Marengo County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $65,800, property tax bills in this area can be surprisingly low compared to the national median property tax bill of $2,400. For instance, tax bills at the 25th, 75th, and 90th percentiles are all $167, indicating a relatively consistent and affordable property tax landscape for homeowners in this region. Factors such as property location and any applicable exemptions or deductions can also influence the final tax bill.
Homeowners may find these costs manageable, but there are still opportunities for savings. This is where Ownwell can make a difference. By providing expert guidance on property tax appeals and exemptions, Ownwell helps homeowners potentially lower their tax liabilities, ensuring they only pay their fair share. This service can lead to significant savings, allowing homeowners to allocate their resources more effectively.
Median Nanafalia Tax Bill
$167
Median Marengo County Tax Bill
$351
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Nanafalia, Marengo County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36764 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell