Tuskegee, Alabama Property Taxes
The median property tax rate in Tuskegee, AL is 0.55%, slightly higher than the Alabama state median of 0.47% but still below the national median of 0.99%. With the median home value in Tuskegee at $59,200, the typical annual property tax bill is $395, considerably lower than the national median of $2,690. Property taxes in Tuskegee are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Tuskegee'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 Tuskegee 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
Tuskegee, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$326
Ownwell’s Tuskegee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tuskegee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tuskegee 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 Tuskegee, Alabama
Property taxes in Tuskegee, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tuskegee is 0.55%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Tuskegee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tuskegee 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 Tuskegee's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36083 has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Tuskegee 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 Tuskegee Tax Rate
0.55%
Average Macon County Tax Rate
0.52%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tuskegee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36083 | 0.34% | 0.46% | 0.55% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Tuskegee, Alabama
In Tuskegee, 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 Macon 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 Tuskegee, 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 Tuskegee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Tuskegee is $59,200, with the highest and lowest median tax bills both recorded at $395 in the 36083 zip code.
Average Tuskegee Assessed Value
$59,200
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 Tuskegee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36083 | $16,834 | $34,840 | $59,200 | $100,935 | $174,300 |
Source: Ownwell
Property Tax Bills Across Tuskegee, Alabama
Property tax bills in Tuskegee, located in Macon County, AL, are calculated based on the assessed value of the property. The assessed value is determined by the county assessor, who evaluates the market value of the home and then applies an assessment ratio. For residential properties, this ratio is typically a percentage of the market value. Once the assessed value is established, the property tax rate, which is set by local government authorities, is applied to calculate the annual tax bill. Several factors influence the property tax bill, including the property's location, size, and market conditions. In Tuskegee, the median home price stands at $59,200. Homeowners can expect tax bills to vary significantly, with the 25th percentile at $206, the 75th percentile at $655, and the 90th percentile reaching up to $1,058. The median tax bill in the area is $395, which is relatively lower compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable in Tuskegee, benefiting residents by keeping annual housing costs manageable.
Average Tuskegee Tax Bill
$395
Average Macon County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Tuskegee, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36083 | $94 | $206 | $395 | $655 | $1,058 |
Source: Ownwell