STEP 1: Find Your Assessed Value
Your Alabama taxes are calculated using your property's assessed value. This is determined by multiplying the appraised value by the corresponding property classifications(tax rate).
Appraised Value x Property Classification = Assessed Value
Property Classification Table
All taxable property shall be divided into the following classes and shall be assessed for Ad Valorem tax purposes at the following ratios of assessed value of such property:
|Class 1||All property of utilities used in the business of such utilities||30%|
|Class II||All property not otherwise classified (Commercial, Rental, Industrial, and All other Non-Homestead Property)||20%|
|Class III||All agricultural, forest and owner occupied residential property||10%
STEP 2: Calculate Your Unadjusted Tax Bill
Once you determine the assessed value of your property, multiply it by the appropriate millage rate for the area which you live.
Assessed Value x Millage Rate = Unadjusted Tax Bill
Millage rates applied to different areas of Talladega County
(1 mill = 1/10 of 1 penny)
|AREA OF COUNTY||MILLAGE RATE|
|City of Talladega||38.5 mills|
|City of Sylacauga||50.5 mills|
|City of Lincoln||39.0 mills|
|City of Oxford||39.0 mills|
|City of Childersburg||43.5 mills|
|City of Munford||39.0 mills|
|Talladega Springs||34.0 mills|
|District 1 Outside||29.0 mills|
|Outside with Childersburg School - Dist. 1C||32.0 mills|
|Outside with Fayetteville School - Dist. 1F||34.0 mills|
|Outside with Lincoln School - Dist. 1L||34.0 mills|
|Outside with Munford School - Dist. 1M||34.0 mills|
|Outside with Winterboro School - Dist. 1W||34.0 mills|
For example: 40 acres of cropland in the county appraised at $500.00 per acre. Total fair market value is $20,000.00. Appraised value times (x) 10% equals (=)$2,000.00 times (x) .029 millage equals (=) tax due of $58.00.
STEP 3: Deduct Qualifying Exemptions for Adjusted Tax Bill
After you determine what your adjusted tax bill is, subtract any exemptions that you may have. This gives you the adjusted tax bill.