Florala, Alabama Property Taxes
The median property tax rate in Florala, AL is 0.26%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $99,600 in Florala, the typical annual property tax bill amounts to $368, well below the national median of $2,690. Property taxes in Florala are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Florala'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 Florala or another part of Geneva County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Florala, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$259
Ownwell’s Florala Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Florala with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florala 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 Florala, Alabama
Property taxes in Florala, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florala is 0.26%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Florala set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florala 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 Florala'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 0.66%, while the lowest median tax rate is 0.15%. Understanding how these cities compare with Florala provides valuable insights into the varying tax landscape across Geneva County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Florala Tax Rate
0.26%
Average Geneva County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florala, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36442 | 0.17% | 0.23% | 0.26% | 0.30% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Florala, Alabama
In Florala, 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 Geneva 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 Florala, 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 Florala is $99,600, with tax bills ranging from $290 at the 25th percentile to $1,225 at the 90th percentile. The zip code 36442 has the highest and lowest median tax bills, both at $368. Being aware of these valuation processes in Florala helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Florala Assessed Value
$99,600
Average Geneva County Assessed Value
$100,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Florala, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36442 | $35,600 | $78,800 | $99,600 | $183,600 | $317,320 |
Source: Ownwell
Property Tax Bills Across Florala, Alabama
In Florala, Geneva County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Florala typically experience a median property tax bill of $368, which aligns with the highest and lowest median tax bills in the area. For homes at the 25th percentile, the tax bill is around $290, while those at the 75th percentile see bills near $513. High-value properties in the 90th percentile can face tax bills up to $1,225. These tax amounts are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Florala's property taxes are relatively modest, providing some financial relief to homeowners. Understanding these details helps homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Florala Tax Bill
$368
Average Geneva County Tax Bill
$373
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Florala, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36442 | $233 | $290 | $368 | $513 | $1,225 |
Source: Ownwell