Fort Davis, Alabama Property Taxes
The median property tax rate in Fort Davis, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Fort Davis at $26,000, the typical annual property tax bill is just $94, far below the national median of $2,690. Property taxes in Fort Davis are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Davis's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fort Davis or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Davis, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$91
$84
Ownwell’s Fort Davis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Davis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Davis 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 Fort Davis, Alabama
Property taxes in Fort Davis, AL, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Davis is 0.52%, which is higher than the Alabama state median of 0.33% but lower than the U.S. national median of 0.99%. Local government entities within Fort Davis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Davis 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 Fort Davis's effective property tax rate to other counties in Alabama and the national median. For comparison, 35203 has the highest median property tax rate of 0.66%, while 35205 has the lowest median tax rate of 0.31%. Understanding how these cities compare with Fort Davis provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Davis Tax Rate
0.35%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Davis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36031 | 0.32% | 0.32% | 0.35% | 0.39% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Fort Davis, Alabama
In Fort Davis, 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 local appraisal authority 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 Fort Davis, 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 Fort Davis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, properties in the highest tax bracket have annual bills around $217, while those in the lowest bracket are around $44.
Average Fort Davis Assessed Value
$26,000
Average Macon County Assessed Value
$64,220
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Davis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36031 | $10,916 | $13,850 | $26,000 | $42,175 | $52,354 |
Source: Ownwell
Property Tax Bills Across Fort Davis, Alabama
In Fort Davis, Macon County, AL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $26,000, homeowners in Fort Davis can expect varying tax bills depending on the assessed value and applicable exemptions. Factors influencing the tax bill include the property's location, improvements, and any applicable exemptions or deductions. The tax bill at the 25th percentile is around $44, while at the 75th percentile, it rises to approximately $166. Homeowners at the 90th percentile might see tax bills as high as $217. Compared to the national median property tax rate of 0.99%, Fort Davis offers relatively lower property taxes, making it an attractive option for homeowners seeking affordability. These tax bills significantly impact homeowners by affecting their overall housing costs and financial planning.
Average Fort Davis Tax Bill
$94
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Davis, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36031 | $34 | $44 | $94 | $166 | $217 |
Source: Ownwell