Wilmer, Alabama Property Taxes
The median property tax rate in Wilmer, AL is 0.48%, slightly higher than the Alabama state median of 0.47% but well below the national median of 0.99%. With the median home value in Wilmer at $105,600, the typical annual property tax bill amounts to $601, significantly less than the national median of $2,690. Property taxes in Wilmer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wilmer'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 Wilmer 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
Wilmer, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$507
Ownwell’s Wilmer Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wilmer with ease. By simply inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Wilmer to provide an accurate estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by Mobile County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Wilmer, Alabama
Property taxes in Wilmer, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilmer is 0.48%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Wilmer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilmer 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 Wilmer's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36587 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with Wilmer 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 Wilmer Tax Rate
0.48%
Average Mobile County Tax Rate
0.59%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilmer, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36587 | 0.41% | 0.45% | 0.48% | 0.97% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Wilmer, Alabama
In Wilmer, 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 Wilmer, 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 Wilmer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wilmer are both $601.00 in the 36587 zip code.
Average Wilmer Assessed Value
$105,600
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 Wilmer, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36587 | $30,100 | $50,500 | $105,600 | $175,000 | $248,770 |
Source: Ownwell
Property Tax Bills Across Wilmer, Alabama
In Wilmer, located in Mobile County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the county tax assessor. For instance, if the median home price in Wilmer is $105,600, the tax bill can vary significantly. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Wilmer typically see a range of tax bills. The 25th percentile tax bill is around $331, while the 75th percentile tax bill reaches $938. At the 90th percentile, homeowners might pay up to $1,364. These figures are relatively modest compared to the national median property tax rate of 0.99%. Understanding how these factors affect your tax bill can help homeowners plan and budget accordingly. Lower property taxes in Wilmer can make homeownership more affordable, but it’s essential to stay informed about assessments and any potential changes in tax rates.
Average Wilmer Tax Bill
$601
Average Mobile County Tax Bill
$779
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilmer, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36587 | $191 | $331 | $601 | $938 | $1,364 |
Source: Ownwell