Monroeville, Alabama Property Taxes
The median property tax rate in Monroeville, AL is 0.31%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Monroeville at $115,390, the typical annual property tax bill amounts to $214, far below the national median of $2,690. Property taxes in Monroeville 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 Monroeville'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 Monroeville 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
Monroeville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$358
Ownwell’s Monroeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Monroeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monroeville 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 Monroeville, Alabama
Property taxes in Monroeville, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Monroeville is 0.31%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Monroeville set these rates annually, and they can vary across different neighborhoods. Each year, Monroeville 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. Understanding how Monroeville's effective property tax rate compares to other areas in Conecuh County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Monroeville Tax Rate
0.31%
Average Conecuh County Tax Rate
0.34%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monroeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36460 | 0.16% | 0.21% | 0.31% | 0.37% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Monroeville, Alabama
In Monroeville, 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 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. In Monroeville, 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. The median home price in Monroeville is $115,390, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $179, while the 75th percentile tax bill is $399. Interestingly, the highest and lowest median tax bills are both $214, found in the zip code 36460. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Monroeville Assessed Value
$115,390
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 Monroeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36460 | $34,500 | $44,415 | $115,390 | $174,860 | $240,940 |
Source: Ownwell
Property Tax Bills Across Monroeville, Alabama
Property tax bills in Monroeville, Conecuh County, AL, are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in Monroeville is $115,390. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. In Monroeville, the median property tax bill is $214, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including property size, location, and any applicable exemptions. For homeowners in Monroeville, the range of property tax bills varies widely; the 25th percentile tax bill is $179, while the 75th percentile tax bill is $399. At the 90th percentile, the tax bill can reach up to $715. These variations can significantly affect homeowners, impacting their annual expenses and overall financial planning. Understanding these factors can help homeowners anticipate their property tax obligations and budget accordingly.
Average Monroeville Tax Bill
$214
Average Conecuh County Tax Bill
$297
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Monroeville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36460 | $116 | $179 | $214 | $399 | $715 |
Source: Ownwell