Pine Apple, Alabama Property Taxes
The median property tax rate in Pine Apple, AL is 0.27%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With a median home value of $95,190 in Pine Apple, the typical annual property tax bill amounts to $266, which is well below the national median of $2,690. Property taxes in Pine Apple are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pine Apple'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 Pine Apple or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine Apple, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$257
Ownwell’s Pine Apple Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Apple with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Apple 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 Pine Apple, Alabama
Property taxes in Pine Apple, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Apple is 0.27%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Pine Apple set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Apple 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 Pine Apple's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Monroe County is 0.27%, while the lowest median tax rate is also 0.27%. Understanding how these cities compare with Pine Apple provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Apple Tax Rate
0.27%
Average Monroe County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Apple, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36768 | 0.15% | 0.20% | 0.27% | 0.48% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Pine Apple, Alabama
In Pine Apple, 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 Monroe 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 Pine Apple, 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 Pine Apple helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pine Apple is $95,190, with annual property tax bills ranging from $153 at the 25th percentile to $743 at the 90th percentile. The highest and lowest median tax bills both occur in the zip code 36768, each at $266.
Average Pine Apple Assessed Value
$95,190
Average Monroe County Assessed Value
$87,150
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Apple, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36768 | $38,840 | $50,942 | $95,190 | $188,062 | $261,335 |
Source: Ownwell
Property Tax Bills Across Pine Apple, Alabama
In Pine Apple, Monroe County, AL, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. Homeowners in Pine Apple experience a range of property tax bills, with the 25th percentile at $153 and the 75th percentile at $538. The median home price in this area is $95,190, which helps determine the assessed value for tax purposes. Factors considered in calculating the tax bill include the home's assessed value and the local tax rate. While the national median property tax rate is 0.99%, Pine Apple's property tax rates are generally lower, leading to more affordable tax bills for homeowners. For example, the highest median tax bill in the area is $266 in the 36768 zip code, which is significantly lower than many other regions across the country. This relatively low property tax burden can make homeownership in Pine Apple more attractive and financially manageable for residents.
Average Pine Apple Tax Bill
$266
Average Monroe County Tax Bill
$316
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Apple, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36768 | $74 | $153 | $266 | $538 | $743 |
Source: Ownwell