Fitzpatrick, Alabama Property Taxes
The median property tax rate in Fitzpatrick, AL is 0.43%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Fitzpatrick at $116,590, the typical annual property tax bill reaches $543, which is significantly below the national median of $2,690. Property taxes in Fitzpatrick are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fitzpatrick'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 Fitzpatrick 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
Fitzpatrick, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$501
Ownwell’s Fitzpatrick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fitzpatrick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fitzpatrick 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 Fitzpatrick, Alabama
Property taxes in Fitzpatrick, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fitzpatrick is 0.43%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Fitzpatrick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fitzpatrick 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 Fitzpatrick's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36029 zip code has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Fitzpatrick provides valuable insights into the varying tax landscape across Bullock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fitzpatrick Tax Rate
0.43%
Average Bullock County Tax Rate
0.49%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fitzpatrick, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36029 | 0.20% | 0.33% | 0.43% | 0.47% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Fitzpatrick, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fitzpatrick, 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 Bullock 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 Fitzpatrick, 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. For example, the median home price in Fitzpatrick is $116,590, and tax bills can vary widely. The 25th percentile tax bill is $219, while the 75th percentile reaches $1,062, and the 90th percentile can go up to $1,947. Interestingly, the zip code 36029 has both the highest and lowest median tax bill at $543. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fitzpatrick Assessed Value
$116,590
Average Bullock County Assessed Value
$52,910
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fitzpatrick, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36029 | $26,730 | $48,762 | $116,590 | $259,482 | $529,210 |
Source: Ownwell
Property Tax Bills Across Fitzpatrick, Alabama
In Fitzpatrick, located in Bullock County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Fitzpatrick typically see property tax bills ranging from $219 at the 25th percentile to $1,947 at the 90th percentile, with a median tax bill of $543. This is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, exemptions for primary residences or seniors can reduce the taxable amount. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Lower property tax rates in Fitzpatrick can make homeownership more affordable, but they may also reflect a lower level of public services compared to regions with higher tax rates.
Average Fitzpatrick Tax Bill
$543
Average Bullock County Tax Bill
$289
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fitzpatrick, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36029 | $111 | $219 | $543 | $1,062 | $1,947 |
Source: Ownwell