Falkville, Morgan County, Alabama Property Taxes
Property Taxes in Falkville, Alabama
Median Falkville, Alabama effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, and lower than the Alabama state median of 0.47%.
Median Falkville, Alabama home value: $124,800
Median annual Falkville, Alabama tax bill: $515, $1,885 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan calculated?
Property taxes in Falkville, Alabama 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 Falkville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Falkville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Falkville, Morgan County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.34%
Estimate Property Tax Bill
$424
$394
How Does the Falkville Property Tax Calculator Work?
Use this Falkville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Falkville's median effective tax rate of 0.34% — based on actual property records in Morgan County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Falkville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Falkville: rates range from 0.34% in 35622 to 0.34% in 35622, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Falkville.
About Falkville Property Taxes
About Property Taxes in Falkville, Morgan, Alabama
Falkville’s median effective property tax rate of 0.34% is lower than the Alabama state median of 0.47% and lower than the national median of 1.02%. This rate reflects the Morgan County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Falkville. Homeowners in the 35622 ZIP code carry a median effective rate of 0.34%, while those in the same ZIP also reflect the city’s uniform median tax profile. Understanding how assessed value is set in Morgan County can make a meaningful difference to your annual tax bill.
Falkville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 15, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Falkville, Morgan County, Alabama
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Falkville's effective property tax rate to other cities in Alabama and the median property tax rates in Alabama and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Falkville Tax Rate
0.34%
Our median effective property tax rate (tax bill Ă· 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 Morgan County Tax Rate
0.39%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Falkville, Morgan County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35622 | 0.24% | 0.30% | 0.34% | 0.45% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Falkville, Morgan County, Alabama
When examining property taxes in Falkville, 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 Morgan 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 are sent in the spring each year and 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. In Falkville, the median home price is $124,800, with a median tax bill of $515, well below the national median property tax bill of $2,400. The 25th percentile tax bill is $305, and the 75th percentile is $826.
Property Tax Assessment Values Across Falkville, Morgan County, Alabama
Source: Ownwell
$101,200
$212,325
$323,450
Median Falkville Market Value
$124,800
Median Morgan County Market Value
$157,900
Median Alabama Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Falkville, Morgan County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35622 | $45,810 | $74,525 | $124,800 | $211,900 | $320,770 |
Source: Ownwell
Property Tax Bills Across Falkville, Morgan County, Alabama
Property tax bills in Falkville are based on the assessed value of a home, which is tied to its market value and the local tax rate. For a home with a median market value of $124,800, the bill can vary widely depending on how the property is assessed and whether any exemptions apply. In Morgan County, the median tax bill is $515.00, and that figure reflects how local assessments translate into annual taxes.
What homeowners pay is shaped by several factors, including the home’s assessed value, the tax rate set by local governments, and any qualifying exemptions. A lower assessed value can mean a smaller bill, while a higher assessment can raise the amount due. For many homeowners, property taxes are a recurring cost that can affect monthly budgeting and long-term housing affordability. The national median property tax rate is 1.02%, with a national median bill of $2,400, so Falkville homeowners often see bills that are well below the national norm.
Median Falkville Tax Bill
$515
Median Morgan County Tax Bill
$716
Median Alabama Tax Bill
$813
Median United States Tax Bill
$2,400
Property Tax Bills Across Falkville, Morgan County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35622 | $167 | $305 | $515 | $826 | $1,219 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
Links | |
|---|---|
| Morgan Tax Assessor | |
| Website | morgan.capturecama.com |