Perdido Beach, Alabama Property Taxes
The median property tax rate in Perdido Beach, AL is 0.32%, notably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $284,000 in Perdido Beach, the typical annual property tax bill amounts to $938, significantly below the national median of $2,690. Property taxes in Perdido Beach are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Perdido Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Perdido Beach 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
Perdido Beach, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$909
$843
Ownwell’s Perdido Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perdido Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perdido Beach 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 Perdido Beach, Alabama
Property taxes in Perdido Beach, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perdido Beach is 0.32%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Perdido Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perdido Beach 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 Perdido Beach's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Perdido Beach 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 Perdido Beach Tax Rate
0.32%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perdido Beach, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36530 | 0.19% | 0.27% | 0.32% | 0.32% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Perdido Beach, Alabama
In Perdido Beach, 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 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 Perdido Beach, 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. The median home price in Perdido Beach is $284,000, with tax bills ranging from $397 at the 25th percentile to $3,044 at the 90th percentile. The zip code 36530 has the highest and lowest median tax bill of $938. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Perdido Beach Assessed Value
$284,000
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 Perdido Beach, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36530 | $75,860 | $135,750 | $284,000 | $563,500 | $837,820 |
Source: Ownwell
Property Tax Bills Across Perdido Beach, Alabama
Property tax bills in Perdido Beach, located in Baldwin County, AL, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Several factors influence this assessed value, including the property's size, location, and condition. Homeowners in Perdido Beach typically face a median property tax bill of $938, which is significantly lower than the national median property tax rate of 0.99%. The tax bills can vary widely, with the 25th percentile paying around $397 and the 75th percentile facing bills up to $1860. At the higher end, the 90th percentile of homeowners may see tax bills as high as $3044. These property tax bills can impact homeowners by influencing their monthly mortgage payments and overall housing affordability. Lower property taxes can make homeownership more accessible, while higher tax bills may pose a financial burden.
Average Perdido Beach Tax Bill
$938
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Perdido Beach, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36530 | $227 | $397 | $938 | $1,860 | $3,044 |
Source: Ownwell