Fyffe, Alabama Property Taxes
The median property tax rate in Fyffe, AL is 0.35%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Fyffe, the typical annual property tax bill is $444, well below the national median of $2,690. Property taxes in Fyffe 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 Fyffe'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 Fyffe or another part of DeKalb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fyffe, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$380
Ownwell’s Fyffe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fyffe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fyffe 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 Fyffe, Alabama
Property taxes in Fyffe, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fyffe is 0.35%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within Fyffe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fyffe 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 Fyffe'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 found in Shelby County at 0.54%, while the lowest median tax rate is in Crenshaw County at 0.17%. Understanding how these cities compare with Fyffe provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fyffe Tax Rate
0.35%
Average Dekalb County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fyffe, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35971 | 0.22% | 0.30% | 0.35% | 0.65% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Fyffe, Alabama
In Fyffe, 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 DeKalb 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 Fyffe, 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 Fyffe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fyffe both amount to $444, with the zip code 35971 reflecting this value.
Average Fyffe Assessed Value
$108,670
Average Dekalb County Assessed Value
$106,260
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fyffe, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35971 | $30,200 | $62,080 | $108,670 | $192,120 | $312,918 |
Source: Ownwell
Property Tax Bills Across Fyffe, Alabama
In Fyffe, DeKalb County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Fyffe is $108,670. To determine the tax bill, the assessed value is multiplied by the local tax rate. Homeowners in Fyffe can expect a wide range of tax bills, with the 25th percentile at $233 and the 75th percentile at $756. At the 90th percentile, tax bills can reach up to $1,244. Compared to the national median property tax rate of 0.99%, Fyffe's rates are relatively modest. Various factors influence the final tax bill, including property size, location, and any applicable exemptions. These taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these elements interact can help homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Fyffe Tax Bill
$444
Average Dekalb County Tax Bill
$412
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fyffe, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35971 | $95 | $233 | $444 | $756 | $1,244 |
Source: Ownwell