Axis, Alabama Property Taxes
The median property tax rate in Axis, Alabama is 0.46%, slightly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Axis, the typical annual property tax bill reaches $659, significantly below the national median of $2,690. Property taxes in Axis are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Axis'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 Axis 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
Axis, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$566
Ownwell’s AXIS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AXIS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AXIS 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 Axis, Alabama
Property taxes in AXIS, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in AXIS is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within AXIS set these rates annually, and they can vary significantly across different neighborhoods. Each year, AXIS 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 AXIS's effective property tax rate to other counties in Alabama and the national median. For comparison, the ZIP code 36505 has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with AXIS provides valuable insights into the varying tax landscape across Mobile County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Axis Tax Rate
0.46%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Axis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36505 | 0.39% | 0.44% | 0.46% | 0.97% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Axis, Alabama
In AXIS, 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 Mobile 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 AXIS, 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 AXIS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in AXIS are both $659, found in zip code 36505.
Average Axis Assessed Value
$123,000
Average Mobile County Assessed Value
$120,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Axis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36505 | $33,860 | $60,300 | $123,000 | $169,000 | $234,960 |
Source: Ownwell
Property Tax Bills Across Axis, Alabama
In AXIS, located in Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate, applied to this assessed value, determines the annual property tax bill. Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions. For homeowners in AXIS, the median home price is $123,000. The property tax rate in Mobile County is relatively low compared to the national median rate of 0.99%. Consequently, tax bills in AXIS can vary significantly, with the 25th percentile at $357 and the 75th percentile at $951. At the 90th percentile, homeowners might see tax bills around $1,468. This variability in tax bills affects homeowners by influencing the overall affordability of owning property in the area, making it crucial for them to understand how their tax liabilities are calculated.
Average Axis Tax Bill
$659
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Axis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36505 | $188 | $357 | $659 | $951 | $1,468 |
Source: Ownwell