Laceys Spring, Morgan County, Alabama Property Taxes

Name: Property Tax Bills Across Laceys Spring, Morgan County, Alabama
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lacey's Spring, AL effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Lacey's Spring, AL home value: $149,100
Median annual Lacey's Spring, AL tax bill: $608, $1,792 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

Property taxes in Lacey's Spring, 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 Lacey's Spring’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lacey's Spring, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Laceys Spring, Morgan County, Alabama Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.37%

Estimate Property Tax Bill

$552

$512

Ownwell’s Lacey's Spring Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lacey's Spring with just two data points. By entering your property's estimated assessed value, our calculator applies Lacey's Spring’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Morgan 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 Morgan County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Laceys Spring, Morgan County, Alabama

Local government entities set tax rates, which often vary significantly within a state. This variation arises because each county annually estimates its budgetary needs for providing essential services and then divides this by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and legal stipulations play a role in setting these rates and budgets, this is the core of the annual process.

Laceys Spring in Morgan County, Alabama, exemplifies this process with its effective property tax rate. Compared to other cities in Alabama, Laceys Spring's rate is notably lower. The median property tax rate in Alabama is 0.37%, which is significantly below the national median property tax rate of 1.02%. This makes Alabama one of the states with the lowest property tax rates, offering considerable savings to its residents. The national median property tax bill is $2,400, providing a stark contrast to the more affordable rates found in Laceys Spring.

Property Tax Rates Across Laceys Spring, Morgan County, Alabama

Source: Ownwell

0.32%

0.38%

0.43%

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 Laceys Spring Tax Rate

0.37%

Median Effective Morgan County Tax Rate

0.40%

Median Effective Alabama Tax Rate

0.47%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laceys Spring, Morgan County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
35754	0.24%	0.32%	0.37%	0.42%	0.80%

Source: Ownwell

Property Tax Assessment Values Across Laceys Spring, Morgan County, Alabama

When examining property taxes in Laceys Spring, 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.

In Morgan 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 Laceys Spring.

For example, the median home price in Laceys Spring is $149,100, with tax bills ranging significantly across the county. The zip code 35754 has the highest median home price at $149,100.

Property Tax Assessment Values Across Laceys Spring, Morgan County, Alabama

Source: Ownwell

$87,150

$206,800

$326,450

Median Laceys Spring Market Value

$149,100

Median Morgan County Market Value

$149,900

Median Alabama Market Value

$149,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laceys Spring, Morgan County, Alabama

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
35754	$35,160	$74,400	$149,100	$234,600	$340,820

Source: Ownwell

Property Tax Bills Across Laceys Spring, Morgan County, Alabama

In Laceys Spring, Morgan County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the home's market value, and local tax rates are applied to this assessed value to determine the tax bill. With the median home price in Laceys Spring at $149,100, property tax bills can vary widely. The 25th percentile tax bill stands at $324, while the 75th percentile reaches $1,002, and the 90th percentile goes up to $1,513. These figures are notably lower than the national median property tax bill of $2,400, reflecting the relatively low property tax rates in the area. Homeowners may find these taxes burdensome, especially if their property's assessed value is inaccurately high. This is where Ownwell can assist. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners ensure their property is assessed fairly, potentially reducing their tax burden and saving them money.

Property Tax Bills Across Laceys Spring, Morgan County, Alabama

Source: Ownwell

$333

$811

$1,289

Median Laceys Spring Tax Bill

$608

Median Morgan County Tax Bill

$697

Median Alabama Tax Bill

$717

Median United States Tax Bill

$2,400

Property Tax Bills Across Laceys Spring, Morgan County, Alabama

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
35754	$123	$324	$608	$1,002	$1,513

Source: Ownwell