Atmore, Alabama Property Taxes
The median property tax rate in Atmore, Alabama is 0.26%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Atmore at $163,750, the typical annual property tax bill reaches $388, significantly below the national median of $2,690. Property taxes in Atmore are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Atmore'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 Atmore or another part of Baldwin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atmore, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.26%
Estimate Property Tax Bill
$426
Ownwell’s Atmore Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Atmore using just two key data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Atmore to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. If you’re interested in exploring trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by Baldwin County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Atmore, Alabama
Property taxes in Atmore, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atmore is 0.26%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Atmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atmore 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. Understanding how Atmore's effective property tax rate compares to other counties in Alabama and the national median provides valuable insights into the varying tax landscape across Baldwin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atmore Tax Rate
0.26%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36502 | 0.13% | 0.19% | 0.26% | 0.28% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Atmore, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Atmore, 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 Baldwin 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 Atmore, 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. The median home price in Atmore is $163,750, with tax bills ranging from the 25th percentile at $254 to the 90th percentile at $905. Notably, the highest and lowest median tax bills are both $388 in the 36502 zip code. 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 Atmore Assessed Value
$163,750
Average Baldwin County Assessed Value
$254,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36502 | $56,950 | $97,350 | $163,750 | $228,600 | $323,830 |
Source: Ownwell
Property Tax Bills Across Atmore, Alabama
In Atmore, located in Baldwin County, AL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Various factors such as the property's location, size, and condition are considered in this assessment. Homeowners in Atmore can expect a median tax bill of approximately $388, which is relatively low compared to the national median property tax rate of 0.99%. For homeowners, this means that property taxes in Atmore are more affordable than in many other parts of the country. The tax bills can range significantly, with the 25th percentile at $254 and the 75th percentile at $599, indicating variability based on property values and exemptions. At the 90th percentile, the tax bill can go up to $905. Understanding these factors can help homeowners anticipate their annual property tax expenses and plan their budgets accordingly.
Average Atmore Tax Bill
$388
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Atmore, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36502 | $114 | $254 | $388 | $599 | $905 |
Source: Ownwell