Empire, Alabama Property Taxes
The median property tax rate in Empire, Alabama is 0.48%, slightly higher than the Alabama state median of 0.47% but significantly lower than the national median of 0.99%. With a median home value of $105,700 in Empire, the typical annual property tax bill amounts to $548, which is much lower than the national median of $2,690. Property taxes in Empire are determined based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Empire's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Empire or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Empire, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$507
Ownwell’s Empire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Empire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Empire 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 Empire, Alabama
Property taxes in Empire, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Empire is 0.48%, which is lower than the U.S. national median of 0.99%. Local government entities within Empire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Empire 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 Empire's effective property tax rate to other counties in Alabama and the national median. For comparison, the 35063 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Empire provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Empire Tax Rate
0.48%
Average Jefferson County Tax Rate
0.71%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Empire, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35063 | 0.36% | 0.44% | 0.48% | 0.89% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Empire, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Empire, 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 Jefferson 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 Empire, 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 Empire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Empire are both $548.00, found in the 35063 zip code.
Average Empire Assessed Value
$105,700
Average Jefferson County Assessed Value
$150,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Empire, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35063 | $37,340 | $50,250 | $105,700 | $220,375 | $385,530 |
Source: Ownwell
Property Tax Bills Across Empire, Alabama
In Empire, Jefferson County, AL, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The local tax rate is then applied to this assessed value. The median home price in Empire is $105,700, and the property tax rate in Jefferson County is 0.99%, aligning with the national median. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. Homeowners in Empire can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $307, while the 75th percentile reaches $1,085, and the 90th percentile can be as high as $1,687. These taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Empire Tax Bill
$548
Average Jefferson County Tax Bill
$1,159
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Empire, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35063 | $139 | $307 | $548 | $1,085 | $1,687 |
Source: Ownwell