Daphne, Alabama Property Taxes
The median property tax rate in Daphne, AL is 0.41%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $245,800, the typical annual property tax bill in Daphne amounts to $970, which is well below the national median of $2,690. Property taxes in Daphne are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Daphne'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 Daphne or another part of Baldwin County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Daphne, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,008
Ownwell’s Daphne Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Daphne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daphne to provide an estimate of your property tax bill. This valuable tool offers insight into potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by Baldwin County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Daphne, Alabama
Property taxes in Daphne, Alabama, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Daphne is 0.41%, significantly lower than the U.S. national median of 0.99%. Local government entities within Daphne set these rates annually, and they can vary across different neighborhoods. Each year, Daphne 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 Daphne's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36526 has both the highest and lowest median property tax rate of 0.41%. Understanding how these areas compare with Daphne provides valuable insights into the varying tax landscape across Baldwin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daphne Tax Rate
0.41%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daphne, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36526 | 0.26% | 0.28% | 0.41% | 0.43% | 0.86% |
| 36527 | 0.29% | 0.31% | 0.35% | 0.45% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Daphne, Alabama
In Daphne, 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 Baldwin 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 Daphne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Daphne is $1,223 in the 36527 zip code, while the lowest is $924 in the 36526 zip code.
Average Daphne Assessed Value
$245,800
Average Baldwin County Assessed Value
$254,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daphne, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36526 | $125,100 | $174,300 | $234,550 | $318,800 | $420,470 |
| 36527 | $139,740 | $233,900 | $327,800 | $422,500 | $554,680 |
Source: Ownwell
Property Tax Bills Across Daphne, Alabama
In Daphne, located in Baldwin County, AL, property tax bills are calculated based on the assessed value of the home, which is determined by the county's tax assessor. The assessed value is typically a percentage of the home's market value. Homeowners in Daphne can expect varying property tax bills depending on their specific property values and the local tax rate. Several factors influence the tax bill, including the property's assessed value, applicable exemptions, and the local tax rate. For instance, the median home price in Daphne is $245,800, and property tax bills vary widely. At the 25th percentile, homeowners might pay around $679, while those at the 75th percentile could see bills up to $1,428. The highest median tax bill in the area is $1,223 in zip code 36527, while the lowest is $924 in zip code 36526. These property taxes directly impact homeowners by influencing their overall housing costs, making it essential to understand how these taxes are calculated and what factors might affect them.
Average Daphne Tax Bill
$970
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Daphne, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36526 | $474 | $665 | $924 | $1,351 | $1,881 |
| 36527 | $470 | $842 | $1,223 | $1,746 | $2,288 |
Source: Ownwell