Daphne, Alabama Property Taxes
The median property tax rate in Daphne, AL is 0.66%, which is lower than the national median of 0.99% but higher than the Alabama state median of 0.47%. With the median home value in Daphne at $93,700, the typical annual property tax bill amounts to $615, well below the national median of $2,690. Property taxes in Daphne are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Daphne'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 Daphne 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
Daphne, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$618
$574
Ownwell’s Daphne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Daphne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Daphne 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 Daphne, Alabama
Property taxes in Daphne, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Daphne is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Daphne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Daphne 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 Daphne's effective property tax rate to other areas in Alabama and the national median. For comparison, the 36526 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Daphne provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Daphne Tax Rate
0.66%
Average Clarke County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Daphne, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36526 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Daphne, Alabama
In Daphne, 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 Clarke 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 Daphne, 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 Daphne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 36526 has both the highest and lowest median tax bill at $615.
Average Daphne Assessed Value
$93,700
Average Clarke County Assessed Value
$83,100
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Daphne, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36526 | $93,700 | $93,700 | $93,700 | $93,700 | $93,700 |
Source: Ownwell
Property Tax Bills Across Daphne, Alabama
In Daphne, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the property's market value. For homeowners in Daphne, the median home price is $93,700, and the property tax rate is applied to this assessed value to determine the tax bill. Various factors such as property improvements, location, and market conditions can influence the assessed value. For example, the median property tax bill in Daphne is $615, which remains consistent across the 25th, 75th, and 90th percentiles, highlighting a uniformity in tax assessments within the area. This tax bill is significantly lower than the national median property tax rate of 0.99%, making it more affordable for homeowners. Lower property taxes can ease the financial burden on homeowners, allowing them to allocate funds towards other expenses or investments, thereby enhancing their overall financial stability.
Average Daphne Tax Bill
$615
Average Clarke County Tax Bill
$300
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Daphne, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36526 | $615 | $615 | $615 | $615 | $615 |
Source: Ownwell