Vredenburgh, Alabama Property Taxes
The median property tax rate in Vredenburgh, AL is 0.62%, which is notably lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With a median home value of $51,840 in Vredenburgh, the typical annual property tax bill amounts to $242, significantly below the national median of $2,690. Property taxes in Vredenburgh are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Vredenburgh's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Vredenburgh or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vredenburgh, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$321
Ownwell’s Vredenburgh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vredenburgh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vredenburgh 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 Vredenburgh, Alabama
Property taxes in Vredenburgh, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vredenburgh is 0.62%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Vredenburgh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vredenburgh 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 Vredenburgh's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36481 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Vredenburgh 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 Vredenburgh Tax Rate
0.62%
Average Monroe County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vredenburgh, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36481 | 0.21% | 0.30% | 0.62% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Vredenburgh, Alabama
In Vredenburgh, 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 Vredenburgh, 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 Vredenburgh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $242 in the zip code 36481.
Average Vredenburgh Assessed Value
$51,840
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 Vredenburgh, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36481 | $17,610 | $29,828 | $51,840 | $82,822 | $136,259 |
Source: Ownwell
Property Tax Bills Across Vredenburgh, Alabama
In Vredenburgh, Monroe County, AL, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Vredenburgh can expect a median property tax bill of $242. This is significantly lower than the national median property tax rate of 0.99%, reflecting the more affordable property taxes in this region. The tax bill is influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, properties in the 25th percentile have tax bills around $132, while those in the 75th percentile see bills closer to $371. At the higher end, the 90th percentile tax bill reaches approximately $456. These property taxes can impact homeowners by affecting their overall housing costs and potentially influencing their decisions on property improvements or investments. Lower property taxes in Vredenburgh can make homeownership more accessible, but it's essential for homeowners to stay informed about any changes in assessment or tax rates that could affect their annual tax obligations.
Average Vredenburgh Tax Bill
$242
Average Monroe County Tax Bill
$316
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Vredenburgh, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36481 | $72 | $132 | $242 | $371 | $456 |
Source: Ownwell