Auburn, Alabama Property Taxes
The median property tax rate in Auburn, AL is 0.46%, notably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Auburn at $71,060, the typical annual property tax bill is $342, which is significantly less than the national median of $2,690. Property taxes in Auburn 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 Auburn'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 Auburn 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
Auburn, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$327
Ownwell’s Auburn Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Alabama
Property taxes in Auburn, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other areas in Alabama and the national median. For comparison, the 36832 zip code has the highest median property tax rate of 0.51%, while the 36830 zip code has the lowest median tax rate of 0.46%. Understanding how these areas compare with Auburn provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.46%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36830 | 0.21% | 0.35% | 0.46% | 0.66% | 1.02% |
| 36832 | 0.32% | 0.41% | 0.51% | 1.02% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Alabama
In Auburn, 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 Macon 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 Auburn, 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. The median home price in Auburn is $71,060. The zip code with the highest median tax bill is 36832, with a tax bill of $427, while the lowest median tax bill is found in zip code 36830, at $341. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Auburn Assessed Value
$71,060
Average Macon County Assessed Value
$64,220
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36830 | $16,484 | $31,780 | $69,140 | $147,700 | $246,420 |
| 36832 | $9,124 | $22,070 | $98,780 | $145,220 | $291,572 |
Source: Ownwell
Property Tax Bills Across Auburn, Alabama
In Auburn, Macon County, AL, property taxes are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Auburn is $71,060. To determine the property tax bill, the assessed value is multiplied by the local tax rate. Auburn's property tax rates vary, with the median tax bill at $427 in the 36832 zip code and $341 in the 36830 zip code. These rates are significantly lower than the national median property tax rate of 0.99%. Factors influencing the tax bill include the home's assessed value and any applicable exemptions. For instance, tax bills at the 25th percentile are around $166, while at the 75th percentile, they rise to $745, and at the 90th percentile, they reach $1,427. This variation affects homeowners differently, with those in higher-valued homes paying more. Understanding these components helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Auburn Tax Bill
$342
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36830 | $63 | $166 | $341 | $741 | $1,294 |
| 36832 | $77 | $175 | $427 | $1,175 | $1,490 |
Source: Ownwell