Seminole, Alabama Property Taxes
The median property tax rate in Seminole, Alabama is 0.30%, significantly lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Seminole at $179,200, the typical annual property tax bill amounts to $539, which is well below the national median of $2,690. Property taxes in Seminole are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Seminole'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 Seminole or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seminole, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$538
Ownwell’s Seminole Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seminole with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seminole 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 Seminole, Alabama
Property taxes in Seminole, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seminole is 0.30%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Seminole set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seminole 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 Seminole's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Baldwin County is 0.50%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Seminole 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 Seminole Tax Rate
0.30%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seminole, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36574 | 0.23% | 0.27% | 0.30% | 0.43% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Seminole, Alabama
In Seminole, 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 Seminole, 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 median home price in Seminole is $179,200, with tax bills ranging from the 25th percentile at $269 to the 90th percentile at $1,388. The zip code 36574 has the highest and lowest median tax bill at $539. By understanding 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 Seminole helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Seminole Assessed Value
$179,200
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 Seminole, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36574 | $50,200 | $85,500 | $179,200 | $293,300 | $410,980 |
Source: Ownwell
Property Tax Bills Across Seminole, Alabama
In Seminole, located in Baldwin County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $179,200. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile bill at $269 and the 75th percentile reaching $923. For those in the 90th percentile, the tax bill can go up to $1,388. Factors that influence these tax bills include the local tax rate and any applicable exemptions. The local tax rate is applied to the assessed value to determine the final bill. Homeowners in Seminole benefit from relatively lower property tax rates compared to the national median rate of 0.99%, making it a more affordable area for property owners. Understanding these factors can help homeowners in Seminole better anticipate their annual property tax obligations and plan accordingly.
Average Seminole Tax Bill
$539
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Seminole, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36574 | $151 | $269 | $539 | $923 | $1,388 |
Source: Ownwell