Alexander City, Alabama Property Taxes
The median property tax rate in Alexander City, AL is 0.38%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Alexander City at $95,950, the typical annual property tax bill is $410, well below the national median of $2,690. Property taxes in Alexander City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alexander City'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 Alexander City 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
Alexander City, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$365
Ownwell’s Alexander City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alexander City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alexander City 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 Alexander City, Alabama
Property taxes in Alexander City, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexander City is 0.38%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Alexander City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexander City 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 Alexander City's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in Shelby County at 0.45%, while the lowest median tax rate is in Choctaw County at 0.23%. Understanding how these counties compare with Alexander City provides valuable insights into the varying tax landscape across Tallapoosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexander City Tax Rate
0.38%
Average Tallapoosa County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexander City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35010 | 0.27% | 0.30% | 0.38% | 0.68% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Alexander City, Alabama
In Alexander City, 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 Tallapoosa 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 Alexander City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alexander City is $95,950, with tax bills ranging from $235 at the 25th percentile to $1,604 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 35010, with a median tax bill of $410.
Average Alexander City Assessed Value
$95,950
Average Tallapoosa County Assessed Value
$120,950
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexander City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35010 | $34,730 | $57,400 | $95,950 | $176,675 | $372,500 |
Source: Ownwell
Property Tax Bills Across Alexander City, Alabama
In Alexander City, located in Tallapoosa County, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $95,950. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's assessed value, any applicable exemptions, and the local property tax rate. For example, the tax bill for the 25th percentile is around $235, while for the 75th percentile, it reaches $742. At the 90th percentile, homeowners might see a tax bill as high as $1,604. Comparatively, the national median property tax rate is 0.99%, making the tax burden in Alexander City relatively manageable for most homeowners. Understanding these elements can help property owners anticipate their annual expenses and plan accordingly.
Average Alexander City Tax Bill
$410
Average Tallapoosa County Tax Bill
$472
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexander City, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35010 | $135 | $235 | $410 | $742 | $1,604 |
Source: Ownwell