Armstrong, Alabama Property Taxes
The median property tax rate in Armstrong, AL is 0.84%, which is lower than the national median of 0.99% but significantly higher than Alabama's state median of 0.47%. With the median home value in Armstrong at $103,354, the typical annual property tax bill amounts to $869, much less than the national median of $2,690. Property taxes in Armstrong are calculated based on the assessed value, which is often below the market value due to exemptions such as primary residence and agricultural exemptions. Grasping Armstrong's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial yearly savings. Whether you're in the heart of Armstrong 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
Armstrong, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$868
Ownwell’s Armstrong Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Armstrong with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Armstrong 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 Armstrong, Alabama
Property taxes in Armstrong, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Armstrong is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Armstrong set these rates annually, and they can vary significantly across different neighborhoods. Each year, Armstrong 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 Armstrong's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36089 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Armstrong provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Armstrong Tax Rate
0.84%
Average Randolph County Tax Rate
0.32%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Armstrong, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Armstrong, Alabama
In Armstrong, 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 Randolph 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 Armstrong, 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. For instance, the highest median tax bill in Armstrong is $869 in the 36089 zip code, which is also the lowest median 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 Armstrong helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Armstrong Assessed Value
$103,354
Average Randolph County Assessed Value
$99,646
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Armstrong, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | $103,354 | $103,354 | $103,354 | $103,354 | $103,354 |
Source: Ownwell
Property Tax Bills Across Armstrong, Alabama
Property tax bills in Armstrong, located in Randolph County, Alabama, are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. In Armstrong, the median home price is $103,354, and the property tax rate is applied to this assessed value to determine the tax bill. Various factors such as property size, location, and improvements can influence the assessed value. For homeowners in Armstrong, the property tax bill can have a significant impact on annual expenses. The median tax bill in the area is $869, which is below the national median property tax rate of 0.99%. This comparatively lower tax rate can be beneficial for homeowners, making it more affordable to maintain property ownership. However, it's important for homeowners to stay informed about any changes in property assessments or tax rates, as these can affect their annual tax obligations.
Average Armstrong Tax Bill
$869
Average Randolph County Tax Bill
$364
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Armstrong, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | $869 | $869 | $869 | $869 | $869 |
Source: Ownwell