Gulf Shores, Alabama Property Taxes
The median property tax rate in Gulf Shores, AL is 0.56%, slightly above the state median of 0.47% but lower than the national median of 0.99%. With a median home value of $333,200, the typical annual property tax bill in Gulf Shores reaches $1,486, which is below the national median of $2,690. Property taxes in Gulf Shores 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 Gulf Shores' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Gulf Shores 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
Gulf Shores, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,866
Ownwell’s Gulf Shores Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gulf Shores with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gulf Shores 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 Gulf Shores, Alabama
Property taxes in Gulf Shores, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gulf Shores is 0.56%, which is higher than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Gulf Shores set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gulf Shores 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 Gulf Shores' effective property tax rate to other counties in Alabama and the national median. For comparison, the 36542 zip code has the highest median property tax rate of 0.56%, while the 36561 zip code has the lowest median tax rate of 0.48%. Understanding how these cities compare with Gulf Shores 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 Gulf Shores Tax Rate
0.56%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gulf Shores, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36542 | 0.27% | 0.32% | 0.56% | 0.66% | 0.66% |
| 36561 | 0.32% | 0.32% | 0.48% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Gulf Shores, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gulf Shores, Alabama. 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 Gulf Shores, 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 Gulf Shores is $2,708 in the 36561 zip code, while the lowest is $1,484 in the 36542 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 Gulf Shores Assessed Value
$333,200
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 Gulf Shores, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36542 | $153,350 | $224,500 | $332,650 | $478,075 | $688,800 |
| 36561 | $63,980 | $68,300 | $440,850 | $1,069,625 | $1,535,150 |
Source: Ownwell
Property Tax Bills Across Gulf Shores, Alabama
In Gulf Shores, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate in Baldwin County is applied to this assessed value to determine the tax bill. Several factors are considered in this calculation, including the home's location, size, and any applicable exemptions. For instance, homeowners in Gulf Shores with a median home price of $333,200 can expect their tax bills to vary significantly. The 25th percentile tax bill is around $916, while the 75th percentile reaches $2,517, and the 90th percentile goes up to $3,688. The highest median tax bill in the area is $2,708 in the 36561 zip code, whereas the lowest is $1,484 in the 36542 zip code. These variations can significantly impact homeowners, making property taxes a crucial consideration in the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Gulf Shores offers a diverse range of tax liabilities that homeowners need to be aware of.
Average Gulf Shores Tax Bill
$1,486
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Gulf Shores, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36542 | $601 | $912 | $1,484 | $2,511 | $3,650 |
| 36561 | $205 | $219 | $2,708 | $6,846 | $9,825 |
Source: Ownwell