Union Springs, Bullock County, Alabama Property Taxes
The median property tax rate in Union Springs, AL is 0.52%, slightly higher than the Alabama state median of 0.47% but still below the national median of 0.99%. With a median home value of $50,140 in Union Springs, the typical annual property tax bill amounts to $278, significantly lower than the national median of $2,690. Property taxes in Union Springs are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding the property tax system in Union Springs, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in Union Springs or another part of Bullock County, a thorough grasp of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Union Springs, Bullock County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$261
$242
Ownwell’s UNION SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNION SPRINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNION SPRINGS 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 Union Springs, Bullock County, Alabama
Property taxes in Union Springs, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Springs is 0.52%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Union Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Springs 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 Union Springs' effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36089 has both the highest and lowest median property tax rate in Bullock County at 0.52%. Understanding how these cities compare with Union Springs provides valuable insights into the varying tax landscape across Bullock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Union Springs Tax Rate
0.52%
Average Bullock County Tax Rate
0.49%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Springs, Bullock County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | 0.31% | 0.40% | 0.52% | 0.93% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Union Springs, Bullock County, Alabama
In Union Springs, 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 Bullock 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 Union Springs, 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 Union Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Union Springs is $50,140, with the highest median tax bill found in the 36089 zip code at $278.
Property Tax Assessment Values Across Union Springs, Bullock County, Alabama
Source: Ownwell
$37,540
$164,265
$290,990
Average Union Springs Assessed Value
$50,140
Average Bullock County Assessed Value
$52,910
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Union Springs, Bullock County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | $8,180 | $24,220 | $50,140 | $90,555 | $180,554 |
Source: Ownwell
Property Tax Bills Across Union Springs, Bullock County, Alabama
In Union Springs, located in Bullock County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value. Homeowners in Union Springs can expect their property tax bills to vary significantly, with the 25th percentile at $128 and the 75th percentile at $529. For those at the 90th percentile, tax bills can reach up to $928. The median home price in the area is $50,140, which means that property taxes here are relatively low compared to the national median property tax rate of 0.99%. This lower tax burden can be an advantage for homeowners, making Union Springs an attractive place for those looking to minimize their annual expenses. The highest and lowest median tax bills in the area are both $278, indicating a consistent tax rate across different properties in the zip code 36089.
Average Union Springs Tax Bill
$278
Average Bullock County Tax Bill
$289
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Springs, Bullock County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36089 | $53 | $128 | $278 | $529 | $928 |
Source: Ownwell