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About Lake Martin > Cost of Living

Cost of Living in Lake Martin

The cost of living is below the national average with tax per capita the lowest in the nation. Tallapoosa and Elmore counties boast some of the lowest taxes in the nation. Ad valorem tax millages, sales taxes, and property taxes are assessed as shown on the chart below:

Ad valorem tax millages
Tallapoosa CountyElmore County
*Alexander City 37.5 millsEntire County 22.0 mills
*Dadeville 35.0 mills
Sales Tax
Tallapoosa CountyElmore County
*Alexander City 8.5 Varies from 8.5
Remainder of County 5.0 throughout the County
Property Tax
Tallapoosa CountyElmore County
Homes 10% of the value Homes 10% of the value
Vehicles 15% of the valueVehicle 15% of the value

*One of two largest towns in Tallapoosa County

Housing availability is excellent, ranging from apartments, town properties to resort-like lake developments. The average cost of a five-year-old non-lake home for a family of four is $225,000.


Contact Amanda to look at homes and lots for sale in the Lake Martin area.





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