Eufaula, Alabama Property Taxes
The median property tax rate in Eufaula, AL is 0.41%, notably lower than both the national median of 0.99% and Alabama's state median of 0.47%. With the median home value in Eufaula, the typical annual property tax bill amounts to $481, which is significantly below the national median of $2,690. Property taxes in Eufaula are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eufaula'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 Eufaula 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
Eufaula, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$395
Ownwell’s Eufaula Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eufaula using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eufaula to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making financial planning easier. For those interested in more detailed insights, scroll down to explore trends at the neighborhood level. Your property’s assessed value, determined by Barbour County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Eufaula, Alabama
Property taxes in Eufaula, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eufaula is 0.41%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Eufaula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eufaula 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 Eufaula's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36027 zip code has the highest median property tax rate of 0.41%, while the 36072 zip code has the lowest median tax rate of 0.40%. Understanding how these cities compare with Eufaula provides valuable insights into the varying tax landscape across Barbour County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eufaula Tax Rate
0.41%
Average Barbour County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eufaula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36027 | 0.28% | 0.35% | 0.41% | 0.85% | 0.85% |
| 36072 | 0.40% | 0.40% | 0.40% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Eufaula, Alabama
In Eufaula, 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 Barbour 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 Eufaula, 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 Eufaula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $784 in zip code 36072, while the lowest is $481 in zip code 36027.
Average Eufaula Assessed Value
$96,400
Average Barbour County Assessed Value
$82,600
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eufaula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36027 | $23,400 | $49,700 | $96,400 | $183,925 | $285,110 |
| 36072 | $105,040 | $118,150 | $140,000 | $214,900 | $259,840 |
Source: Ownwell
Property Tax Bills Across Eufaula, Alabama
In Eufaula, Barbour 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 Eufaula is $96,400. Property taxes are then determined by applying the local tax rate to this assessed value. Factors influencing the tax bill include the home's market value, any applicable exemptions, and the local tax rate. Homeowners in Eufaula can expect a range of property tax bills. The 25th percentile tax bill is $223, while the 75th percentile tax bill is $870. At the 90th percentile, the tax bill can reach up to $1,362. The highest median tax bill in Barbour County is $784 in the 36072 zip code, whereas the lowest median tax bill is $481 in the 36027 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life and property values in the community.
Average Eufaula Tax Bill
$481
Average Barbour County Tax Bill
$360
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Eufaula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36027 | $103 | $223 | $481 | $870 | $1,362 |
| 36072 | $461 | $582 | $784 | $986 | $1,108 |
Source: Ownwell