Skipperville, Alabama Property Taxes
The median property tax rate in Skipperville, Alabama is 0.26%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Skipperville at $67,600, the typical annual property tax bill is $178, far below the national median of $2,690. Property taxes in Skipperville 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 Skipperville'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 Skipperville 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
Skipperville, Alabama Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$940
Ownwell’s Skipperville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skipperville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skipperville 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 Skipperville, Alabama
Property taxes in Skipperville, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Skipperville is 0.26%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Skipperville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Skipperville 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. Understanding how Skipperville's effective property tax rate compares to other areas 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 Skipperville Tax Rate
0.26%
Average Barbour County Tax Rate
0.40%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Skipperville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36374 | 0.20% | 0.22% | 0.26% | 0.30% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Skipperville, Alabama
In Skipperville, 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 Skipperville, 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. The median home price in Skipperville is $67,600, with tax bills ranging from $107 at the 25th percentile to $532 at the 90th percentile. The highest and lowest median tax bills are both $178 in the zip code 36374. 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 Skipperville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Skipperville Assessed Value
$67,600
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 Skipperville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36374 | $24,980 | $37,600 | $67,600 | $117,000 | $176,500 |
Source: Ownwell
Property Tax Bills Across Skipperville, Alabama
In Skipperville, located in Barbour County, AL, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Skipperville is $67,600. Property taxes are then determined by applying the local tax rate to this assessed value. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Skipperville can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $107, while the 75th percentile tax bill is $349, and the 90th percentile tax bill reaches $532. This variation means that while some homeowners pay relatively low taxes, others might face higher bills, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, Skipperville's tax rates offer a unique landscape for homeowners, impacting their annual expenses and overall cost of living.
Average Skipperville Tax Bill
$178
Average Barbour County Tax Bill
$360
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Skipperville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36374 | $55 | $107 | $178 | $349 | $532 |
Source: Ownwell