Valhermoso Springs, Morgan County, Alabama Property Taxes
Median Valhermoso Springs, AL effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Alabama state median of 0.47%.
Median Valhermoso Springs, AL home value: $99,100
Median annual Valhermoso Springs, AL tax bill: $447, $1,953 lower than the national median property tax bill of $2,400.
How are property taxes in Morgan County calculated?
Property taxes in Valhermoso Springs, 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 Valhermoso Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valhermoso Springs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valhermoso Springs, Morgan County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$357
$331
Property Tax Rates Across Valhermoso Springs, Morgan County, Alabama
Local government entities determine tax rates, which can significantly differ within a state. Each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable property within its borders. This process establishes the property tax rate. Although setting tax rates and budgets involves voting and legislation, this is the essence of the yearly procedure.
In Valhermoso Springs, located in Morgan County, Alabama, the effective property tax rate is notably lower than both the state and national medians. Alabama's median property tax rate is 0.36%, which is significantly below the national median of 1.02%. This lower rate is reflected in the property tax bills, which are generally more affordable compared to other regions. For homeowners in Valhermoso Springs, this means a lighter financial burden when it comes to property taxes, making it an attractive location for property owners seeking lower tax liabilities. Comparing Valhermoso Springs to other cities in Alabama and the broader U.S., the area stands out for its favorable tax environment.
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 Valhermoso Springs Tax Rate
0.36%
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 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 Valhermoso Springs, Morgan County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35775 | 0.22% | 0.31% | 0.36% | 0.53% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Valhermoso Springs, Morgan County, Alabama
When examining property taxes in Valhermoso Springs, 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 Valhermoso Springs.
For example, the median home price in Valhermoso Springs is $99,100, with tax bills ranging significantly across the county. ZIP code 35775 has the highest median home price at $99,100.
Property Tax Assessment Values Across Valhermoso Springs, Morgan County, Alabama
Source: Ownwell
$87,150
$206,800
$326,450
Median Valhermoso Springs Market Value
$99,100
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 Valhermoso Springs, Morgan County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35775 | $33,960 | $54,900 | $99,100 | $199,600 | $307,680 |
Source: Ownwell
Property Tax Bills Across Valhermoso Springs, Morgan County, Alabama
Median Valhermoso Springs Tax Bill
$447
Median Morgan County Tax Bill
$697
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Valhermoso Springs, Morgan County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35775 | $109 | $224 | $447 | $747 | $1,229 |
Source: Ownwell