Theodore, Alabama Property Taxes
The median property tax rate in Theodore, AL is 0.52%, which is higher than the Alabama state median of 0.47% but lower than the national median of 0.99%. With a median home value of $128,100 in Theodore, the typical annual property tax bill is $777, significantly below the national median of $2,690. Property taxes in Theodore are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Theodore'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 Theodore 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
Theodore, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$666
Ownwell’s Theodore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Theodore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Theodore 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 Theodore, Alabama
Property taxes in Theodore, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Theodore is 0.52%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Theodore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Theodore 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 Theodore's effective property tax rate to other areas in Mobile County and the national median. For comparison, the 36619 zip code has the highest median property tax rate of 1.32%, while the 36582 zip code has the lowest median tax rate of 0.52%. Understanding how these areas compare with Theodore 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 Theodore Tax Rate
0.52%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Theodore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36582 | 0.44% | 0.48% | 0.52% | 1.00% | 1.16% |
| 36590 | N/A | N/A | N/A | N/A | N/A |
| 36619 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Theodore, Alabama
In Theodore, 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 Theodore, 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 Theodore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 36582 at $777, while the lowest is 36619 at $287.
Average Theodore Assessed Value
$128,100
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 Theodore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36582 | $39,900 | $80,550 | $128,100 | $188,800 | $300,500 |
| 36590 | N/A | N/A | N/A | N/A | N/A |
| 36619 | $21,800 | $21,800 | $21,800 | $21,800 | $21,800 |
Source: Ownwell
Property Tax Bills Across Theodore, Alabama
In Theodore, located in Mobile County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value. The tax rate applied to this assessed value helps determine the final tax bill. Several factors influence this calculation, including property size, location, and any applicable exemptions. For instance, homeowners in Theodore might see a median property tax bill of $777 in the 36582 zip code, while those in the 36619 zip code could experience a significantly lower median bill of $287. Comparatively, the national median property tax rate is 0.99%, making Theodore's rates relatively lower. Homeowners in the 25th percentile of tax bills might pay around $527, while those in the 90th percentile could see bills as high as $1853. These variations significantly impact homeowners' annual expenses, influencing their overall cost of living and financial planning.
Average Theodore Tax Bill
$777
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Theodore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36582 | $313 | $527 | $777 | $1,169 | $1,853 |
| 36590 | N/A | N/A | N/A | N/A | N/A |
| 36619 | $287 | $287 | $287 | $287 | $287 |
Source: Ownwell