Point Clear, Alabama Property Taxes
The median property tax rate in Point Clear, Alabama is 0.31%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $460,300 in Point Clear, the typical annual property tax bill amounts to $1,846, which is well below the national median of $2,690. Property taxes in Point Clear are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Point Clear'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 Point Clear 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
Point Clear, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$1,427
Ownwell’s Point Clear Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Point Clear with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Point Clear 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 Point Clear, Alabama
Property taxes in Point Clear, Alabama, are critical for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Point Clear is 0.31%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Point Clear set these rates annually, and they can vary across different neighborhoods. Each year, Point Clear 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 Point Clear's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Point Clear 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 Point Clear Tax Rate
0.31%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Point Clear, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36564 | 0.19% | 0.28% | 0.31% | 0.48% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Point Clear, Alabama
In Point Clear, 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 Point Clear, 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 Point Clear helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 36564 has the highest and lowest median tax bill, both at $1,846.
Average Point Clear Assessed Value
$460,300
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 Point Clear, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36564 | $56,800 | $208,050 | $460,300 | $1,097,700 | $2,002,100 |
Source: Ownwell
Property Tax Bills Across Point Clear, Alabama
In Point Clear, property tax bills are calculated based on the assessed value of a home, which is determined by the Baldwin County tax assessor. The assessed value is a percentage of the market value of the property. Several factors influence this valuation, including the property's location, size, and condition. Homeowners in Point Clear experience a range of property tax bills, with the 25th percentile paying around $675 annually, while those in the 75th percentile pay approximately $3,661. At the higher end, the 90th percentile sees tax bills of about $6,513. The median property tax rate in Point Clear aligns with the national median of 0.99%, but individual tax bills can vary significantly based on the assessed value of each property. For instance, the highest median tax bill in the area is $1,846, which is relatively modest compared to national figures. These tax bills play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Point Clear Tax Bill
$1,846
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Point Clear, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36564 | $216 | $675 | $1,846 | $3,661 | $6,513 |
Source: Ownwell