36040 Property Tax Rate

Property owners in ZIP code 36040 (Hayneville, Alabama) pay a median of $217/year in property taxes on homes valued at $68,300. This translates to an effective tax rate of 0.32%, which is 14% below the Alabama state average of 0.37%.

The monthly property tax burden for a median-valued home in 36040 is approximately $18, which factors into escrow payments on mortgages. This ZIP code is located within Lowndes County. This is $388 less than the Alabama average of $605/year.

Compared to similar ZIP codes in Alabama, 36040 has lower property taxes. ZIP codes with similar effective rates include 36784 (0.32%) and 35085 (0.32%).

In Hayneville, property taxes represent approximately 0.6% of the median household income of $35,250, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 36040, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Lowndes County's tax assessor directly.