Saint Stephens, Alabama Property Taxes
The median property tax rate in Saint Stephens, Alabama is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Saint Stephens at $89,300, the typical annual property tax bill is $223, well below the national median of $2,690. Property taxes in Saint Stephens are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Saint Stephens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Stephens 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
Saint Stephens, 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 Saint Stephens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Stephens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Stephens 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 Saint Stephens, Alabama
Property taxes in Saint Stephens, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Stephens is 0.27%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Saint Stephens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Stephens 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 Saint Stephens' effective property tax rate to other counties in Alabama and the national median. For comparison, 35203 has the highest median property tax rate of 0.66%, while 36744 has the lowest median tax rate of 0.16%. Understanding how these cities compare with Saint Stephens provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Stephens Tax Rate
0.27%
Average Washington County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Stephens, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36569 | 0.19% | 0.24% | 0.27% | 0.30% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Saint Stephens, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Stephens, Alabama. 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 Washington 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. Assessment notices in Saint Stephens 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 median home price in Saint Stephens is $89,300, with tax bills ranging from $121 at the 25th percentile to $567 at the 90th percentile. The zip code 36569 has both the highest and lowest median tax bill, at $223. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Stephens Assessed Value
$89,300
Average Washington County Assessed Value
$82,400
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Stephens, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36569 | $30,120 | $45,875 | $89,300 | $162,950 | $204,680 |
Source: Ownwell
Property Tax Bills Across Saint Stephens, Alabama
In Saint Stephens, Washington County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the home's location, size, and condition. For instance, the median home price in Saint Stephens is $89,300. Homeowners in this area can expect a wide range of tax bills, with the 25th percentile at $121 and the 75th percentile at $433. The highest median tax bill in the area is $223, which is significantly lower than the national median property tax rate of 0.99%. Lower property tax bills can make homeownership more affordable but may also reflect lower funding for local services. Understanding these factors can help homeowners anticipate their annual expenses and make informed decisions about their property investments.
Average Saint Stephens Tax Bill
$223
Average Washington County Tax Bill
$215
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Stephens, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36569 | $73 | $121 | $223 | $433 | $567 |
Source: Ownwell