Marbury, Alabama Property Taxes
The median property tax rate in Marbury, Alabama is 0.45%, which is significantly lower than the national median of 0.99% and slightly below the Alabama state median of 0.47%. With a median home value of $80,300 in Marbury, the typical annual property tax bill amounts to $438, far less than the national median of $2,690. Property taxes in Marbury are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Marbury'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 Marbury or another part of the city, familiarizing yourself with 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
0.45%
Estimate Property Tax Bill
$361
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 0.45%, significantly lower than both the Alabama state median 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 zip code 36051 in Chilton County has a median property tax rate of 0.45%. Understanding how these cities compare with Marbury provides valuable insights into the varying tax landscape across Chilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marbury Tax Rate
0.45%
Average Chilton County Tax Rate
0.45%
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 | 0.23% | 0.35% | 0.45% | 0.82% | 0.98% |
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 Chilton 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. The median home price in Marbury is $80,300, with tax bills ranging from $193 at the 25th percentile to $1,513 at the 90th percentile. Notably, the zip code 36051 has both the highest and lowest median tax bills at $438. 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 Marbury Assessed Value
$80,300
Average Chilton County Assessed Value
$120,400
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 | $35,260 | $47,550 | $80,300 | $146,675 | $319,460 |
Source: Ownwell
Property Tax Bills Across Marbury, Alabama
In Marbury, located in Chilton County, AL, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. Homeowners in Marbury can expect their tax bills to vary significantly based on their property’s assessed value. For example, the 25th percentile tax bill is $193, while the 75th percentile reaches $735, and the 90th percentile can be as high as $1,513. The highest median tax bill in the area is $438, consistent across the zip code 36051. These figures indicate that while Marbury's property taxes are relatively low compared to the national median property tax rate of 0.99%, they can still have a substantial impact on household budgets. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Marbury Tax Bill
$438
Average Chilton County Tax Bill
$562
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 | $80 | $193 | $438 | $735 | $1,513 |
Source: Ownwell