Foley, Alabama Property Taxes
The median property tax rate in Foley, AL is 0.31%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $209,000 in Foley, the typical annual property tax bill amounts to $645, well below the national median of $2,690. Property taxes in Foley are calculated based on the assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Foley'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 Foley or another part of Baldwin County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Foley, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$648
Ownwell’s Foley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Foley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Foley 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 Foley, Alabama
Property taxes in Foley, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Foley is 0.31%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Foley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Foley 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 Foley's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36580 zip code has the highest median property tax rate of 0.42%, while the same zip code also represents the lowest median tax rate of 0.42%. Understanding how these cities compare with Foley 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 Foley Tax Rate
0.31%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Foley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36535 | 0.21% | 0.26% | 0.31% | 0.56% | 0.66% |
| 36555 | 0.19% | 0.19% | 0.19% | 0.19% | 0.19% |
| 36580 | 0.35% | 0.38% | 0.42% | 0.47% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Foley, Alabama
In Foley, 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. In Foley, 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. For example, the highest median tax bill in Foley is $646 in the 36535 zip code, while the lowest median tax bill is $122 in the 36555 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Foley Assessed Value
$209,000
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 Foley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36535 | $78,100 | $150,500 | $209,000 | $264,100 | $337,790 |
| 36555 | $64,000 | $64,000 | $64,000 | $64,000 | $64,000 |
| 36580 | $100,830 | $105,525 | $113,350 | $121,175 | $125,870 |
Source: Ownwell
Property Tax Bills Across Foley, Alabama
Property tax bills in Foley, located in Baldwin County, AL, are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value of the home. In this region, the median home price is $209,000. Property tax rates are applied to this assessed value to determine the annual tax bill. For homeowners in Foley, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is around $447, while at the 75th percentile, it rises to approximately $911. At the 90th percentile, homeowners might see a tax bill as high as $1,338. The highest median tax bill in the area is $646 in the 36535 zip code, contrasting sharply with the lowest median tax bill of $122 in the 36555 zip code. These variations in property tax bills can significantly impact homeowners, influencing their overall financial planning and the affordability of their homes. Understanding these factors is crucial for managing long-term housing costs effectively.
Average Foley Tax Bill
$645
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Foley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36535 | $253 | $447 | $646 | $910 | $1,337 |
| 36555 | $122 | $122 | $122 | $122 | $122 |
| 36580 | $434 | $446 | $466 | $487 | $499 |
Source: Ownwell