Elberta, Alabama Property Taxes
The median property tax rate in Elberta, Alabama is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Elberta at $209,700, the typical annual property tax bill amounts to $652, well below the national median of $2,690. Property taxes in Elberta are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Elberta's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Elberta or another part of Baldwin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elberta, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$587
Ownwell’s Elberta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elberta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elberta 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 Baldwin County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Elberta, Alabama
Property taxes in Elberta, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elberta is 0.28%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Elberta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elberta 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 Elberta's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Elberta provides valuable insights into the varying tax landscape across Baldwin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elberta Tax Rate
0.28%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elberta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36530 | 0.18% | 0.26% | 0.28% | 0.56% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Elberta, Alabama
In Elberta, 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 Baldwin 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 Elberta, 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. The median home price in Elberta is $209,700, with tax bills ranging widely. Homeowners in the 25th percentile pay around $370, while those in the 75th percentile pay approximately $1,107. The highest median tax bill is $652, found in the 36530 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Elberta Assessed Value
$209,700
Average Baldwin County Assessed Value
$254,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elberta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36530 | $71,300 | $110,400 | $209,700 | $369,000 | $641,900 |
Source: Ownwell
Property Tax Bills Across Elberta, Alabama
In Elberta, Baldwin County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the market value. The median home price in Elberta is $209,700. Tax rates in this area reflect a balance between affordability and the need to fund local services. For instance, the median tax bill is $652, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Elberta can expect to pay between $370 at the 25th percentile and $1988 at the 90th percentile, depending on these factors. Understanding these elements can help homeowners anticipate their tax obligations and budget accordingly. Lower property taxes can make homeownership more accessible, but they also impact the funding available for local schools, infrastructure, and public services.
Average Elberta Tax Bill
$652
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Elberta, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36530 | $214 | $370 | $652 | $1,107 | $1,988 |
Source: Ownwell