Opp, Alabama Property Taxes
The median property tax rate in OPP, AL is 0.23%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $103,740 in OPP, the typical annual property tax bill is $256, far below the national median of $2,690. Property taxes in OPP are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding OPP's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of OPP or another part of Crenshaw County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Opp, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$239
$221
Ownwell’s OPP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in OPP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in OPP 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 Opp, Alabama
Property taxes in Opp, Alabama, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Opp is 0.23%, significantly lower than the Alabama state median and the U.S. national median of 0.99%. Local government entities within Opp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Opp 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 Opp's effective property tax rate compares to other counties in Alabama and the national median provides valuable insights into the varying tax landscape across Crenshaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Opp Tax Rate
0.23%
Average Crenshaw County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Opp, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36467 | 0.21% | 0.22% | 0.23% | 0.32% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Opp, Alabama
In OPP, 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 Crenshaw 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 OPP, 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 OPP helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 36467 has both the highest and lowest median tax bill of $256.
Average Opp Assessed Value
$103,740
Average Crenshaw County Assessed Value
$88,920
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Opp, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36467 | $39,312 | $47,990 | $103,740 | $248,290 | $351,204 |
Source: Ownwell
Property Tax Bills Across Opp, Alabama
Property tax bills in OPP, located in Crenshaw County, AL, are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value, which is determined by the local tax assessor. Various factors, including property size, location, and improvements, are considered to establish this value. In OPP, the median home price stands at $103,740, which influences the overall tax bill homeowners can expect. The tax bill can vary significantly; for instance, the 25th percentile tax bill is around $219, while the 75th percentile reaches $524. At the 90th percentile, homeowners might face a tax bill of up to $806. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in OPP benefit from relatively lower property tax rates compared to the national median of 0.99%, making it an attractive location for those looking to minimize their annual tax burden.
Average Opp Tax Bill
$256
Average Crenshaw County Tax Bill
$341
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Opp, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36467 | $159 | $219 | $256 | $524 | $806 |
Source: Ownwell