Boligee, Alabama Property Taxes
The median property tax rate in Boligee, AL is 0.45%, notably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $47,750 in Boligee, the typical annual property tax bill is $200, significantly below the national median of $2,690. Property taxes in Boligee are determined based on the tax assessed value, which generally falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Boligee'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 Boligee or another part of Greene County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boligee, 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 Boligee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boligee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boligee 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 Boligee, Alabama
Property taxes in Boligee, Alabama, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Boligee is 0.45%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Boligee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boligee 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 Boligee's effective property tax rate to other regions in Alabama and the national median. For comparison, the zip code 35443 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these areas compare with Boligee provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boligee Tax Rate
0.45%
Average Greene County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boligee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35443 | 0.21% | 0.31% | 0.45% | 0.45% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Boligee, Alabama
In Boligee, 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 Greene 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 Boligee, 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 Boligee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Boligee is $47,750, with the highest and lowest median tax bill recorded at $200 in the 35443 zip code.
Average Boligee Assessed Value
$47,750
Average Greene County Assessed Value
$64,700
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boligee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35443 | $13,190 | $26,800 | $47,750 | $105,175 | $248,470 |
Source: Ownwell
Property Tax Bills Across Boligee, Alabama
In Boligee, Greene County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, a home with a median price of $47,750 would have its assessed value determined by local assessment rates. This assessed value is then multiplied by the local property tax rate to determine the tax bill. Various factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. Homeowners in Boligee may see tax bills ranging from the 25th percentile at $103 to the 75th percentile at $441, with the 90th percentile reaching up to $955. Compared to the national median property tax rate of 0.99%, Boligee's property tax bills can be relatively modest, providing some financial relief to homeowners. Understanding these factors helps homeowners anticipate their annual property tax expenses and manage their budgets effectively.
Average Boligee Tax Bill
$200
Average Greene County Tax Bill
$290
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Boligee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35443 | $54 | $103 | $200 | $441 | $955 |
Source: Ownwell