Prichard, Alabama Property Taxes
The median property tax rate in Prichard, AL is 1.23%, considerably higher than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Prichard, the typical annual property tax bill reaches $233, which is significantly lower than the national median of $2,690. Property taxes in Prichard 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 Prichard'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 Prichard 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
Prichard, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$235
Ownwell’s Prichard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prichard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prichard 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 Prichard, Alabama
Property taxes in Prichard, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prichard is 1.23%, which is higher than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Prichard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prichard 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 Prichard's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36610 zip code has the highest median property tax rate of 1.23%, while the same zip code also represents the lowest median tax rate of 1.23%. Understanding how these cities compare with Prichard 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 Prichard Tax Rate
1.23%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prichard, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36610 | 0.43% | 0.83% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Prichard, Alabama
In Prichard, 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 Prichard, 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. For instance, the zip code 36610 has the highest and lowest median tax bill at $233. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Prichard Assessed Value
$19,100
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 Prichard, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36610 | $2,760 | $11,100 | $19,100 | $30,300 | $39,540 |
Source: Ownwell
Property Tax Bills Across Prichard, Alabama
In Prichard, located in Mobile County, AL, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value, determined by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Prichard, the median home price is $19,100, leading to relatively modest tax bills compared to the national median property tax rate of 0.99%. The tax bill in Prichard ranges from the 25th percentile at $99 to the 75th percentile at $334, with the 90th percentile reaching $447. The highest and lowest median tax bills in the area are both $233, specifically in the 36610 zip code. These tax bills can significantly impact homeowners, particularly those on fixed incomes or with limited financial resources. Lower property taxes can make homeownership more affordable, but they also mean less revenue for local services and infrastructure.
Average Prichard Tax Bill
$233
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Prichard, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36610 | $51 | $99 | $233 | $334 | $447 |
Source: Ownwell