Evergreen, Alabama Property Taxes
The median property tax rate in Evergreen, Alabama, is 0.29%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Evergreen at $91,550, the typical annual property tax bill amounts to $256, which is well below the national median of $2,690. Property taxes in Evergreen are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Gaining a thorough understanding of Evergreen's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Evergreen or another part of Monroe County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Evergreen, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$265
Ownwell’s Evergreen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evergreen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evergreen 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 Evergreen, Alabama
Property taxes in Evergreen, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evergreen is 0.29%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Evergreen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evergreen 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 Evergreen's effective property tax rate to other counties in Alabama and the national median. For comparison, Monroe County has the highest median property tax rate of 0.33%, while Evergreen has the lowest median tax rate of 0.29%. Understanding how these cities compare with Evergreen provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Evergreen Tax Rate
0.29%
Average Monroe County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evergreen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36401 | 0.11% | 0.23% | 0.29% | 0.56% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Evergreen, Alabama
In Evergreen, 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 Monroe 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 Evergreen, 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. The median home price in Evergreen is $91,550, with tax bills ranging from $97 at the 25th percentile to $505 at the 90th percentile. The zip code 36401 has both the highest and lowest median tax bill, valued at $256. 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 Evergreen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Evergreen Assessed Value
$91,550
Average Monroe County Assessed Value
$87,150
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Evergreen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36401 | $14,870 | $48,640 | $91,550 | $131,880 | $188,580 |
Source: Ownwell
Property Tax Bills Across Evergreen, Alabama
In Evergreen, located in Monroe County, AL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Evergreen, the property tax rate is significantly lower than the national median of 0.99%. Several factors influence the final tax bill, including the assessed value of the home and any applicable exemptions. For instance, the median home price in Evergreen is $91,550. Homeowners in the 25th percentile of tax bills pay around $97 annually, while those in the 75th percentile pay approximately $402. The highest tax bills, at the 90th percentile, reach about $505 annually. These property tax bills impact homeowners by contributing to local services and infrastructure, but the relatively low rates in Evergreen make it an attractive option for those looking to minimize their property tax burden.
Average Evergreen Tax Bill
$256
Average Monroe County Tax Bill
$316
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Evergreen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36401 | $47 | $97 | $256 | $402 | $505 |
Source: Ownwell