Semmes, Alabama Property Taxes
The median property tax rate in Semmes, AL is 0.45%, which is notably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Semmes at $163,850, the typical annual property tax bill comes to $824, significantly below the national median of $2,690. Property taxes in Semmes are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Semmes'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 Semmes or another part of Mobile County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Semmes, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Semmes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Semmes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Semmes 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 Semmes, Alabama
Property taxes in Semmes, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Semmes is 0.45%, significantly lower than the U.S. national median of 0.99%. Local government entities within Semmes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Semmes 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 Semmes's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36575 zip code has both the highest and lowest median property tax rate of 0.45%. Understanding how these cities compare with Semmes provides valuable insights into the varying tax landscape across Mobile County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Semmes Tax Rate
0.45%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Semmes, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36575 | 0.40% | 0.43% | 0.45% | 0.47% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Semmes, Alabama
In Semmes, 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 Mobile 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 Semmes, 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 Semmes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Semmes is $163,850, with the highest and lowest median tax bills both being $824 in zip code 36575.
Average Semmes Assessed Value
$163,850
Average Mobile County Assessed Value
$120,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Semmes, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36575 | $72,600 | $116,500 | $163,850 | $225,225 | $291,900 |
Source: Ownwell
Property Tax Bills Across Semmes, Alabama
In Semmes, located in Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For example, with a median home price of $163,850, the assessed value is determined by local tax authorities. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. The median property tax rate in Mobile County is lower than the national median of 0.99%, leading to relatively modest tax bills. Factors influencing the tax bill include the market value of the property, local tax rates, and any applicable exemptions. For homeowners, these taxes fund essential local services such as schools, public safety, and infrastructure. In Semmes, the 25th percentile tax bill is around $565, while the 75th percentile reaches $1,165, and the 90th percentile is $1,606. Understanding these factors helps homeowners budget effectively and anticipate their annual financial obligations.
Average Semmes Tax Bill
$824
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Semmes, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36575 | $375 | $565 | $824 | $1,165 | $1,606 |
Source: Ownwell