Auburn, Alabama Property Taxes
The median property tax rate in Auburn, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Auburn at $157,700, the typical annual property tax bill is $347, far below the national median of $2,690. Property taxes in Auburn 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 Auburn'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 Auburn 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
Auburn, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$442
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Alabama
Property taxes in Auburn, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.28%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the state is 0.66%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Auburn 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 Auburn Tax Rate
0.28%
Average Tallapoosa County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | 0.15% | 0.22% | 0.28% | 0.30% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Alabama
In Auburn, 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. In Auburn, 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 Auburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Auburn is found in the 36879 zip code, with a value of $347.
Average Auburn Assessed Value
$157,700
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 Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | $47,670 | $61,900 | $157,700 | $318,350 | $454,700 |
Source: Ownwell
Property Tax Bills Across Auburn, Alabama
In Auburn, Tallapoosa County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. For homeowners, the assessed value is typically a fraction of the market value, and the local tax rate is then applied to this assessed value. The tax rate in Auburn is influenced by various factors, including local government budgets and public service funding needs. Homeowners in Auburn can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $183, while at the 75th percentile, it rises to $852. At the 90th percentile, homeowners might see a tax bill as high as $1,351. The median home price in Auburn is $157,700, which, when compared to the national median property tax rate of 0.99%, indicates that Auburn's property taxes are relatively moderate. This variability in tax bills highlights the importance of understanding one's assessed property value and the local tax rate to anticipate annual property tax expenses.
Average Auburn Tax Bill
$347
Average Tallapoosa County Tax Bill
$472
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | $123 | $183 | $347 | $852 | $1,351 |
Source: Ownwell