Saint Elmo, Alabama Property Taxes
The median property tax rate in Saint Elmo, AL is 1.04%, slightly higher than the national median of 0.99% and more than double the Alabama state median of 0.47%. With the median home value in Saint Elmo at $73,000, the typical annual property tax bill amounts to $520, which is below the national median of $2,690. Property taxes in Saint Elmo are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Saint Elmo'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 Saint Elmo 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
Saint Elmo, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$759
Ownwell’s Saint Elmo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Elmo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Elmo 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 Saint Elmo, Alabama
Property taxes in Saint Elmo, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Elmo is 1.04%, higher than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Saint Elmo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Elmo 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 Saint Elmo's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36568 zip code has the highest median property tax rate of 1.04%, while the same 36568 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Saint Elmo 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 Saint Elmo Tax Rate
1.04%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Elmo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36568 | 1.01% | 1.02% | 1.04% | 1.24% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Saint Elmo, Alabama
In Saint Elmo, 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. 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 Saint Elmo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Elmo is $73,000, with tax bills ranging from $249 at the 25th percentile to $968 at the 90th percentile. The highest and lowest median tax bills are both $520 in the 36568 zip code.
Average Saint Elmo Assessed Value
$73,000
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 Saint Elmo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36568 | $14,330 | $50,975 | $73,000 | $84,875 | $111,020 |
Source: Ownwell
Property Tax Bills Across Saint Elmo, Alabama
In Saint Elmo, Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Saint Elmo is $73,000. Property tax rates in this area are influenced by various factors, including local government budgets and public service funding needs. Homeowners in Saint Elmo can expect their property tax bills to vary significantly, with the 25th percentile at $249 and the 75th percentile reaching $736. For those in the 90th percentile, tax bills can be as high as $968. These tax bills fund essential services such as public schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Saint Elmo's rates reflect the local economic conditions and public service requirements. Understanding these factors can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Saint Elmo Tax Bill
$520
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Elmo, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36568 | $151 | $249 | $520 | $736 | $968 |
Source: Ownwell