Fackler, Alabama Property Taxes
The median property tax rate in Fackler, Alabama is 0.26%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Fackler being $105,300, the typical annual property tax bill amounts to $299, well below the national median of $2,690. Property taxes in Fackler are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Fackler'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 Fackler or another part of Jackson County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fackler, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$274
Ownwell’s Fackler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fackler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fackler 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 Fackler, Alabama
Property taxes in Fackler, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fackler is 0.31%, which is higher than the Alabama state median of 0.39% but still significantly below the U.S. national median of 0.99%. Local government entities within Fackler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fackler 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 Fackler's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35203 zip code has the highest median property tax rate of 0.66%, while the 35210 zip code has the lowest median tax rate of 0.33%. Understanding how these cities compare with Fackler provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fackler Tax Rate
0.26%
Average Jackson County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fackler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35746 | 0.14% | 0.22% | 0.26% | 0.30% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Fackler, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fackler, Alabama. 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 Jackson 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 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. In Fackler, the highest median tax bill is $299 in zip code 35746, while the lowest median tax bill is also $299 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fackler Assessed Value
$105,300
Average Jackson County Assessed Value
$104,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fackler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35746 | $32,360 | $63,325 | $105,300 | $181,550 | $282,850 |
Source: Ownwell
Property Tax Bills Across Fackler, Alabama
Property tax bills in Fackler, located in Jackson County, AL, are determined by assessing the value of a property and applying the local tax rate. The assessed value is typically a percentage of the property's market value. For instance, a home with a median price of $105,300 will have its assessed value calculated based on local regulations. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. In Fackler, the tax bills vary significantly. Homeowners at the 25th percentile pay around $156 annually, while those at the 75th percentile face bills of approximately $449. The top 10% of property owners encounter tax bills as high as $774. This variability is influenced by factors such as property size, location, and any applicable exemptions. With the national median property tax rate at 0.99%, Fackler's rates offer a favorable comparison, potentially easing the financial burden on homeowners. Understanding these factors helps residents anticipate their tax liabilities and manage their budgets effectively.
Average Fackler Tax Bill
$299
Average Jackson County Tax Bill
$375
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fackler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35746 | $70 | $156 | $299 | $449 | $774 |
Source: Ownwell