Hamilton, Marion County, Alabama Property Taxes
- Median Hamilton, AL effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
- Median Hamilton, AL home value: $105,122
- Median annual Hamilton, AL tax bill: $349, $2,051 lower than the national median property tax bill of $2,400.
How are property taxes in Marion calculated?
Property taxes in Hamilton, 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 Hamilton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hamilton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hamilton, Marion County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$315
$293
Property Tax Rates Across Hamilton, Marion County, Alabama
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 Hamilton 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 Marion County Tax Rate
0.32%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hamilton, Marion County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35570 | 0.21% | 0.25% | 0.30% | 0.54% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Hamilton, Marion County, Alabama
When examining property taxes in Hamilton, AL, 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 Marion 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 Marion 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 Hamilton. For example, the median home price in Hamilton is $105,122, with tax bills ranging significantly across the county. ZIP code 35570 has the highest median home price at $105,122.
Property Tax Assessment Values Across Hamilton, Marion County, Alabama
Source: Ownwell
$65,418
$95,434
$125,450
Median Hamilton Market Value
$105,122
Median Marion County Market Value
$95,335
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hamilton, Marion County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35570 | $32,892 | $61,196 | $105,122 | $167,626 | $254,021 |
Source: Ownwell
Property Tax Bills Across Hamilton, Marion County, Alabama
In Hamilton, located in Marion County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the property's market value and applies the local assessment ratio. In Hamilton, the median home price is $105,122, and the property tax rate is significantly lower than the national median rate of 1.02%. As a result, homeowners in this area enjoy a median property tax bill of $349.
Factors such as location, property size, and improvements can influence a property's assessed value, impacting the tax bill. For homeowners, a lower tax bill means more disposable income, but it also means that any inaccuracies in assessment can lead to overpaying. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially saving them money. With Ownwell's assistance, homeowners can navigate the complexities of property tax appeals and secure the most favorable tax outcome.
Median Hamilton Tax Bill
$349
Median Marion County Tax Bill
$328
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Hamilton, Marion County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35570 | $105 | $197 | $349 | $581 | $871 |
Source: Ownwell