Marbury, Alabama Property Taxes
The median property tax rate in Marbury, Alabama is 0.26%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Marbury at $116,200, the typical annual property tax bill reaches $312, well below the national median of $2,690. Property taxes in Marbury are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marbury's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Marbury or another part of Autauga County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marbury, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$302
Ownwell’s Marbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marbury to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Marbury, Alabama
Property taxes in Marbury, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marbury is 0.26%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Marbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marbury estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Marbury's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is 0.66%, while the lowest median tax rate is 0.16%. Understanding how these cities compare with Marbury provides valuable insights into the varying tax landscape across Autauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marbury Tax Rate
0.26%
Average Autauga County Tax Rate
0.29%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marbury, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36051 | 0.19% | 0.23% | 0.26% | 0.27% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Marbury, Alabama
In Marbury, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Autauga County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Marbury, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest median tax bill in Marbury is $312 in the 36051 zip code. Being aware of these valuation processes in Marbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marbury Assessed Value
$116,200
Average Autauga County Assessed Value
$189,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marbury, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36051 | $31,220 | $62,000 | $116,200 | $221,600 | $317,800 |
Source: Ownwell
Property Tax Bills Across Marbury, Alabama
In Marbury, located in Autauga County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Marbury is $116,200. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For homeowners in Marbury, the property tax rate is relatively lower compared to the national median property tax rate of 0.99%. The tax bill for properties in Marbury can vary significantly. For example, the 25th percentile tax bill is $166, while the 75th percentile tax bill is $592, with the 90th percentile reaching up to $904. These variations can affect homeowners differently, impacting their annual financial planning. While some might find the tax burden manageable, others may feel a more significant impact, especially if their property falls into the higher tax brackets.
Average Marbury Tax Bill
$312
Average Autauga County Tax Bill
$598
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Marbury, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36051 | $76 | $166 | $312 | $592 | $904 |
Source: Ownwell