Lowndesboro, Alabama Property Taxes
The median property tax rate in Lowndesboro, AL is 0.43%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $158,880 in Lowndesboro, the typical annual property tax bill amounts to $686, which is well below the national median of $2,690. Property taxes in Lowndesboro are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Lowndesboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Lowndesboro or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lowndesboro, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$683
Ownwell’s Lowndesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lowndesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lowndesboro 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 Lowndesboro, Alabama
Property taxes in Lowndesboro, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lowndesboro is 0.43%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Lowndesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lowndesboro 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 Lowndesboro's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36752 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Lowndesboro provides valuable insights into the varying tax landscape across Lowndes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lowndesboro Tax Rate
0.43%
Average Lowndes County Tax Rate
0.45%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lowndesboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36752 | 0.34% | 0.39% | 0.43% | 0.45% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Lowndesboro, Alabama
In Lowndesboro, 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 Lowndes 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 Lowndesboro, 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 Lowndesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lowndesboro is $158,880. The highest and lowest median tax bills are both $686, found in the 36752 zip code.
Average Lowndesboro Assessed Value
$158,880
Average Lowndes County Assessed Value
$118,330
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lowndesboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36752 | $69,002 | $94,570 | $158,880 | $228,030 | $344,368 |
Source: Ownwell
Property Tax Bills Across Lowndesboro, Alabama
In Lowndesboro, located in Lowndes County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $158,880, homeowners in Lowndesboro can expect a median tax bill of approximately $686. This figure is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill is around $414, while the 75th percentile reaches $1019, and the 90th percentile can go up to $1480. These variations show how different property values and local assessments impact the tax obligations of homeowners. Understanding these factors helps homeowners anticipate their annual tax responsibilities and plan their finances accordingly.
Average Lowndesboro Tax Bill
$686
Average Lowndes County Tax Bill
$581
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Lowndesboro, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36752 | $295 | $414 | $686 | $1,019 | $1,480 |
Source: Ownwell