Summerdale, Alabama Property Taxes
The median property tax rate in Summerdale, AL is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Summerdale, the typical annual property tax bill is $529, well below the national median of $2,690. Property taxes in Summerdale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Summerdale'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 Summerdale 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
Summerdale, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$518
Ownwell’s Summerdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Summerdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Summerdale 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 Summerdale, Alabama
Property taxes in Summerdale, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Summerdale is 0.28%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Summerdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Summerdale 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 Summerdale's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Summerdale 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 Summerdale Tax Rate
0.28%
Average Baldwin County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summerdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36580 | 0.19% | 0.24% | 0.28% | 0.33% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Summerdale, Alabama
In Summerdale, 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 Summerdale, 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 Summerdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $529, both found in the 36580 zip code.
Average Summerdale Assessed Value
$184,950
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 Summerdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36580 | $72,070 | $114,575 | $184,950 | $277,200 | $409,580 |
Source: Ownwell
Property Tax Bills Across Summerdale, Alabama
In Summerdale, Baldwin County, AL, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Summerdale is $184,950. Homeowners' tax bills can vary widely, with the 25th percentile at $328 and the 75th percentile reaching $822. For those in the 90th percentile, tax bills can go up to $1,264. The highest median tax bill in the area is $529, which is consistent across the zip code 36580. Several factors influence the tax bill, including property location, market value, and any applicable exemptions. Homeowners benefit from understanding these factors, as they directly impact their annual financial obligations. Compared to the national median property tax rate of 0.99%, Summerdale's rates are relatively moderate, offering a more affordable option for homeowners. This can make a significant difference in long-term financial planning and overall affordability of owning a home in the region.
Average Summerdale Tax Bill
$529
Average Baldwin County Tax Bill
$967
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Summerdale, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36580 | $202 | $328 | $529 | $822 | $1,264 |
Source: Ownwell