Sulligent, Alabama Property Taxes
The median property tax rate in Sulligent, Alabama is 0.27%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Sulligent at $83,820, the typical annual property tax bill is $232, well below the national median of $2,690. Property taxes in Sulligent are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sulligent'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 Sulligent or another part of Lamar County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sulligent, 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 Sulligent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sulligent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sulligent 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 Sulligent, Alabama
Property taxes in Sulligent, Alabama, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Sulligent is 0.27%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Sulligent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sulligent 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 Sulligent's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 35203 has the highest median property tax rate of 0.41%, while the zip code 35005 has the lowest median tax rate of 0.33%. Understanding how these cities compare with Sulligent provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sulligent Tax Rate
0.27%
Average Lamar County Tax Rate
0.28%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sulligent, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35586 | 0.14% | 0.22% | 0.27% | 0.34% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Sulligent, Alabama
In Sulligent, 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 Lamar 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 Sulligent, 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 Sulligent stands at $83,820. The 25th percentile tax bill is $104, while the 75th percentile tax bill is $443, and the 90th percentile tax bill is $706. The highest and lowest median tax bill in the area is $232, both found in zip code 35586. 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 Sulligent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sulligent Assessed Value
$83,820
Average Lamar County Assessed Value
$83,780
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sulligent, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35586 | $20,050 | $45,075 | $83,820 | $139,680 | $217,820 |
Source: Ownwell
Property Tax Bills Across Sulligent, Alabama
In Sulligent, located in Lamar County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Sulligent is $83,820. The assessed value is then multiplied by the local tax rate to determine the property tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. For homeowners in Sulligent, the property tax bill can vary significantly. At the 25th percentile, the tax bill is approximately $104, while at the 75th percentile, it rises to $443. The top 10% of property tax bills can reach up to $706. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting the quality of life in the community. While the national median property tax rate is 0.99%, homeowners in Sulligent benefit from relatively lower property tax bills, making it a more affordable place to own property.
Average Sulligent Tax Bill
$232
Average Lamar County Tax Bill
$248
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Sulligent, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35586 | $35 | $104 | $232 | $443 | $706 |
Source: Ownwell