Loxley, Alabama Property Taxes
The median property tax rate in Loxley, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $191,300 in Loxley, the typical annual property tax bill is $604, far below the national median of $2,690. Property taxes in Loxley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Loxley'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 Loxley or another part of Baldwin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Loxley, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$574
Ownwell’s Loxley Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Loxley with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Loxley to provide an estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, additional localized information is available further down the page. Your property’s assessed value, determined by Baldwin County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Loxley, Alabama
Property taxes in Loxley, Alabama, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Loxley is 0.30%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Loxley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loxley 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 Loxley's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the county is 0.33%, while the lowest median tax rate is 0.30%. Understanding how these cities compare with Loxley 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 Loxley Tax Rate
0.30%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loxley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36551 | 0.24% | 0.28% | 0.30% | 0.39% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Loxley, Alabama
In Loxley, 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 Loxley, 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 Loxley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 36551 has the highest and lowest median tax bill, both at $604, which can be compared to the national median property tax rate of 0.99%.
Average Loxley Assessed Value
$191,300
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 Loxley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36551 | $70,600 | $123,150 | $191,300 | $253,950 | $345,660 |
Source: Ownwell
Property Tax Bills Across Loxley, Alabama
In Loxley, located in Baldwin County, AL, 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 Loxley is $191,300, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, home size, and local tax rates influence the final amount. For instance, the tax bill at the 25th percentile is around $425, while at the 75th percentile, it rises to $895, and at the 90th percentile, it reaches $1,278. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners. Compared to the national median property tax rate of 0.99%, Loxley's rates are relatively modest, making it an appealing location for property owners. The highest and lowest median tax bills in the area are both $604, indicating a fairly consistent tax environment within the 36551 zip code.
Average Loxley Tax Bill
$604
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Loxley, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36551 | $264 | $425 | $604 | $895 | $1,278 |
Source: Ownwell