Athens, Alabama Property Taxes
The median property tax rate in Athens, AL is 0.40%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Athens at $184,700, the typical annual property tax bill reaches $789, significantly below the national median of $2,690. Property taxes in Athens are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Athens'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 Athens 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
Athens, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$739
Ownwell’s Athens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Athens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Athens 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 Athens, Alabama
Property taxes in Athens, Alabama, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Athens is 0.40%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Athens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Athens 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 Athens' effective property tax rate to other areas in Limestone County and the national median. For comparison, the 35620 zip code has the highest median property tax rate of 0.92%, while the 35611 zip code has the lowest median tax rate of 0.44%. Understanding how these areas compare with Athens provides valuable insights into the varying tax landscape across Limestone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Athens Tax Rate
0.40%
Average Limestone County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athens, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35611 | 0.29% | 0.36% | 0.44% | 0.78% | 0.96% |
| 35613 | 0.28% | 0.35% | 0.39% | 0.48% | 0.78% |
| 35614 | 0.18% | 0.30% | 0.36% | 0.49% | 0.79% |
| 35620 | 0.50% | 0.71% | 0.92% | 1.06% | 1.12% |
| 35773 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Athens, Alabama
In Athens, 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 Limestone 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 Athens, 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. For instance, the median home price in Athens is $184,700, with tax bills ranging from $419 in zip code 35620 to $3,382 in zip code 35773. 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 Athens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Athens Assessed Value
$184,700
Average Limestone County Assessed Value
$202,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Athens, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35611 | $51,800 | $91,825 | $141,900 | $223,200 | $341,680 |
| 35613 | $109,900 | $170,300 | $237,200 | $329,200 | $445,320 |
| 35614 | $50,260 | $91,200 | $144,000 | $218,950 | $319,400 |
| 35620 | $33,150 | $45,525 | $82,700 | $117,475 | $125,530 |
| 35773 | $439,700 | $439,700 | $439,700 | $439,700 | $439,700 |
Source: Ownwell
Property Tax Bills Across Athens, Alabama
In Athens, located in Limestone County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the market conditions and property characteristics. Homeowners in Athens experience a range of property tax bills. At the lower end, the 25th percentile tax bill is approximately $482, while the 75th percentile tax bill is around $1,237. For those at the higher end, the 90th percentile tax bill can reach up to $1,838. Comparatively, the highest median tax bill in the region is $3,382, found in the 35773 zip code, while the lowest median tax bill is $419 in the 35620 zip code. These property tax bills can significantly impact homeowners, affecting their monthly budgets and overall financial planning. Understanding how these taxes are calculated helps homeowners anticipate their obligations and manage their finances more effectively.
Average Athens Tax Bill
$789
Average Limestone County Tax Bill
$871
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Athens, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35611 | $229 | $425 | $693 | $1,069 | $1,567 |
| 35613 | $373 | $645 | $981 | $1,476 | $2,135 |
| 35614 | $109 | $311 | $542 | $838 | $1,230 |
| 35620 | $300 | $369 | $419 | $705 | $1,197 |
| 35773 | $3,382 | $3,382 | $3,382 | $3,382 | $3,382 |
Source: Ownwell