Georgiana, Alabama Property Taxes
The median property tax rate in Georgiana, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Georgiana at $54,450, the typical annual property tax bill is around $185, far below the national median of $2,690. Property taxes in Georgiana 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 Georgiana'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 Georgiana 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
Georgiana, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$191
Ownwell’s GEORGIANA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GEORGIANA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GEORGIANA 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 Georgiana, Alabama
Property taxes in Georgiana, Alabama, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Georgiana is 0.35%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Georgiana set these rates annually, and they can vary across different neighborhoods. Each year, Georgiana 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 Georgiana's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 35203 in Birmingham has the highest median property tax rate of 0.66%, while ZIP code 35242 in Hoover has the lowest median tax rate of 0.33%. Understanding how these cities compare with Georgiana provides valuable insights into the varying tax landscape across Conecuh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Georgiana Tax Rate
0.35%
Average Conecuh County Tax Rate
0.34%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Georgiana, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36033 | 0.22% | 0.26% | 0.35% | 0.35% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Georgiana, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Georgiana, Alabama. The market value represents 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 Conecuh 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. Assessment notices in Georgiana 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 instance, the median home price in Georgiana is $54,450, with tax bills ranging from $126 at the 25th percentile to $592 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Georgiana Assessed Value
$54,450
Average Conecuh County Assessed Value
$80,780
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Georgiana, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36033 | $23,022 | $37,745 | $54,450 | $124,620 | $156,618 |
Source: Ownwell
Property Tax Bills Across Georgiana, Alabama
In Georgiana, located in Conecuh 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 Georgiana is $54,450. To determine the tax bill, the assessed value is multiplied by the local tax rate. For example, homeowners in Georgiana might see tax bills ranging from $126 at the 25th percentile to $592 at the 90th percentile, depending on the value of their property. Factors such as property size, location, and any applicable exemptions can influence the assessed value and, consequently, the tax bill. While Georgiana's highest median tax bill is $185, this figure is relatively low compared to the national median property tax rate of 0.99%. Lower property tax bills can make homeownership more affordable, but they may also reflect lower funding for local services and infrastructure. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average Georgiana Tax Bill
$185
Average Conecuh County Tax Bill
$297
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Georgiana, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36033 | $83 | $126 | $185 | $405 | $592 |
Source: Ownwell