Mathews, Alabama Property Taxes
The median property tax rate in Mathews, AL is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Mathews being $290,990, the typical annual property tax bill is $927, well below the national median of $2,690. Property taxes in Mathews 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 Mathews'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 Mathews 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
Mathews, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$960
Ownwell’s Mathews Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mathews with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mathews 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 Mathews, Alabama
Property taxes in Mathews, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mathews is 0.33%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Mathews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mathews 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 Mathews's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is in Jefferson County, where it stands at 0.66%, while the lowest is in Crenshaw County at 0.16%. Understanding how these cities compare with Mathews 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 Mathews Tax Rate
0.33%
Average Bullock County Tax Rate
0.49%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mathews, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36052 | 0.11% | 0.15% | 0.33% | 0.44% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Mathews, Alabama
In Mathews, 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 county 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 Mathews, 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 Mathews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 36052 at $927, and the same zip code also has the lowest median tax bill.
Average Mathews Assessed Value
$290,990
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 Mathews, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36052 | $162,755 | $191,415 | $290,990 | $649,988 | $1,090,635 |
Source: Ownwell
Property Tax Bills Across Mathews, Alabama
In Mathews, Bullock County, AL, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Mathews can expect a median property tax bill of $927, which is significantly lower than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value and any applicable exemptions or deductions. For instance, the tax bill for the 25th percentile is $687, while the 75th percentile is $1808, and the 90th percentile reaches $2924, reflecting variations in property values and exemptions. These property tax bills impact homeowners by contributing to the funding of local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners budget effectively and take advantage of any available exemptions to reduce their tax burden.
Average Mathews Tax Bill
$927
Average Bullock County Tax Bill
$289
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Mathews, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36052 | $338 | $687 | $927 | $1,808 | $2,924 |
Source: Ownwell