Wing, Alabama Property Taxes
The median property tax rate in WING, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in WING at $74,080, the typical annual property tax bill is $216, far below the national median of $2,690. Property taxes in WING are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding WING'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 WING 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
Wing, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s WING Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in WING with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in WING to project your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Wing, Alabama
Property taxes in WING, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in WING is 0.35%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within WING set these rates annually, and they can vary significantly across different neighborhoods. Each year, WING 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 WING's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the state is found in ZIP code 35203, with a rate of 0.66%, while the lowest median tax rate is in ZIP code 36768, at 0.33%. Understanding how these cities compare with WING provides valuable insights into the varying tax landscape across Escambia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wing Tax Rate
0.35%
Average Escambia County Tax Rate
0.44%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wing, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36483 | 0.16% | 0.26% | 0.35% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Wing, Alabama
In WING, 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 Escambia 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 WING, 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. Being aware of these valuation processes in WING helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in WING is $74,080, with tax bills ranging from $144 at the 25th percentile to $714 at the 90th percentile. The zip code with the highest and lowest median tax bill is 36483, at $216.
Average Wing Assessed Value
$74,080
Average Escambia County Assessed Value
$97,250
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wing, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36483 | $21,568 | $36,365 | $74,080 | $140,120 | $225,320 |
Source: Ownwell
Property Tax Bills Across Wing, Alabama
In WING, Escambia County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For example, with a median home price of $74,080 in WING, the tax bill can vary significantly. The 25th percentile of tax bills is around $144, while the 75th percentile reaches up to $437, and the top 10% of tax bills can go as high as $714. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the local tax rate. For homeowners, this means that even within the same county, property tax bills can differ widely. The highest median tax bill in the area is $216, found in the zip code 36483. Understanding these variables is crucial for homeowners looking to manage their expenses effectively and anticipate their annual property tax obligations.
Average Wing Tax Bill
$216
Average Escambia County Tax Bill
$424
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Wing, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36483 | $73 | $144 | $216 | $437 | $714 |
Source: Ownwell