Dixons Mills, Alabama Property Taxes
The median property tax rate in Dixons Mills, AL is 0.35%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Dixons Mills at $53,540, the typical annual property tax bill is $165, significantly below the national median of $2,690. Property taxes in Dixons Mills are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dixons Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dixons Mills 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
Dixons Mills, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$187
Ownwell’s Dixons Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dixons Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dixons Mills 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 Dixons Mills, Alabama
Property taxes in Dixons Mills, Alabama, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dixons Mills is 0.35%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Dixons Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dixons Mills 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 Dixons Mills' effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Dixons Mills provides valuable insights into the varying tax landscape across Marengo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dixons Mills Tax Rate
0.35%
Average Marengo County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dixons Mills, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36736 | 0.16% | 0.26% | 0.35% | 0.35% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Dixons Mills, Alabama
In Dixons Mills, 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 Marengo 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 Dixons Mills, 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. The median home price in this region is $53,540, with the highest median tax bill being $165 in the 36736 zip code. 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 Dixons Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dixons Mills Assessed Value
$53,540
Average Marengo County Assessed Value
$83,940
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dixons Mills, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36736 | $13,950 | $26,685 | $53,540 | $120,230 | $206,100 |
Source: Ownwell
Property Tax Bills Across Dixons Mills, Alabama
In Dixons Mills, located in Marengo County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the market value of the property. Homeowners in Dixons Mills experience a range of property tax bills. For example, the 25th percentile tax bill is around $73, while the 75th percentile reaches $367, and the 90th percentile can go as high as $695. This variation is influenced by factors such as property size, location, and any applicable exemptions. The median home price in Dixons Mills is $53,540, which plays a significant role in determining the overall tax burden. Compared to the national median property tax rate of 0.99%, homeowners in this area may find their tax rates more manageable, though individual experiences can vary. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Dixons Mills Tax Bill
$165
Average Marengo County Tax Bill
$351
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Dixons Mills, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36736 | $25 | $73 | $165 | $367 | $695 |
Source: Ownwell