Lake Martin's Property Tax Increase - Lake Martin Voice - Lake Martin Real Estate - Waterfront Homes, Lots, Property For Sale

Lake Martin’s Property Tax Increase

What It is Like to Live at Lake Martin
February 7, 2024
Hiking Around Lake Martin
March 12, 2024

Why did property taxes increase at Lake Martin? Are you wondering about potential property tax increases at the lake?

Let’s explore Lake Martin’s property tax increase. I can’t control property taxes (and I don’t think I would want to) but I can help you understand a little more about why they might change year to year.

I’m John Coley with Lake Martin Voice Realty, and in this video, I delve into two primary reasons why your Lake Martin property taxes might have gone up. Despite flat property values in the current year, property tax assessments in Alabama are based on the previous year’s values. This means that even if property values remained stable, your taxes could still increase if property values rose in the prior year. Understanding this aspect of property tax assessments is essential for homeowners at Lake Martin.

Secondly, changes in county ratings, particularly in counties like Elmore County, can impact property taxes. The state’s adjustments to ratings directly affect property values, which in turn influence tax assessments. For instance, if the cost to replace structures such as docks has increased, it could lead to a higher property tax assessment.

Whether you’re just curious about Lake Martin in general, or seeking to understand tax implications, explore properties, or make informed decisions about buying or selling, I’m here to help.

If you find this content informative and beneficial, please consider subscribing to my YouTube channel. Your support allows me to continue creating valuable content and assisting individuals like you with their real estate needs. For personalized assistance and insights into the Lake Martin area, don’t hesitate to reach out to me.

If you’re thinking about selling or moving to Lake Martin be sure to give me a call, shoot me a text, send me an email – [email protected], or schedule a Zoom call. I’d love to help you make a good decision about real estate here at Lake Martin! 334.221.5862