Prattville, Alabama Property Taxes
The median property tax rate in Prattville, AL is 0.29%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Prattville at $194,200, the typical annual property tax bill is $627, well below the national median of $2,690. Property taxes in Prattville 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 Prattville'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 Prattville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prattville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$563
Ownwell’s Prattville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Prattville using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prattville to provide an estimated property tax bill. This intuitive tool helps you understand potential tax liabilities. For those interested in neighborhood-specific trends, further localized information is available below. Your property’s assessed value is the value assigned by Autauga County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Prattville, Alabama
Property taxes in Prattville, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prattville is 0.29%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Prattville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prattville 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 Prattville'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 Prattville 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 Prattville Tax Rate
0.29%
Average Autauga County Tax Rate
0.29%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prattville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36066 | 0.24% | 0.29% | 0.30% | 0.31% | 0.62% |
| 36067 | 0.23% | 0.26% | 0.29% | 0.54% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Prattville, Alabama
In Prattville, 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 Prattville, 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. For instance, the median home price in Prattville is $194,200. Homeowners in the 36066 zip code face the highest median tax bill at $742, while those in the 36067 zip code have the lowest at $536. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Prattville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Prattville Assessed Value
$194,200
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 Prattville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36066 | $136,200 | $172,800 | $222,200 | $291,100 | $408,800 |
| 36067 | $48,000 | $98,000 | $164,150 | $252,850 | $365,400 |
Source: Ownwell
Property Tax Bills Across Prattville, Alabama
In Prattville, located in Autauga County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Homeowners in Prattville can expect their tax bills to vary significantly. For instance, the median home price stands at $194,200, and property tax bills can range from $407 at the 25th percentile to $1,342 at the 90th percentile. The highest median tax bill in the area is $742 in the 36066 zip code, while the lowest is $536 in the 36067 zip code. These variations occur due to differences in property values and the specific tax rates applied by local taxing authorities. Compared to the national median property tax rate of 0.99%, Prattville's property taxes are relatively moderate. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Prattville Tax Bill
$627
Average Autauga County Tax Bill
$598
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Prattville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36066 | $408 | $542 | $742 | $1,112 | $1,478 |
| 36067 | $160 | $316 | $536 | $838 | $1,203 |
Source: Ownwell