Georgiana, Alabama Property Taxes
The median property tax rate in Georgiana, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $68,200 in Georgiana, the typical annual property tax bill amounts to $226, far below the national median of $2,690. Property taxes in Georgiana are determined based on the tax assessed value, which usually falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Gaining a thorough understanding of Georgiana's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Georgiana or another part of Butler County, being knowledgeable about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Georgiana, 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 Georgiana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Georgiana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Georgiana 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 Georgiana, Alabama
Property taxes in Georgiana, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Georgiana is 0.30%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Georgiana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Georgiana 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 Georgiana's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Georgiana provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Georgiana Tax Rate
0.30%
Average Butler County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Georgiana, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36033 | 0.18% | 0.23% | 0.30% | 0.43% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Georgiana, Alabama
In Georgiana, 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 Butler 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 Georgiana, 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. For instance, the median home price in Georgiana is $68,200, with property tax bills ranging from $131 at the 25th percentile to $526 at the 90th percentile. The zip code 36033 holds the highest and lowest median tax bill of $226. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Georgiana Assessed Value
$68,200
Average Butler County Assessed Value
$82,900
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Georgiana, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36033 | $25,760 | $43,050 | $68,200 | $117,050 | $182,880 |
Source: Ownwell
Property Tax Bills Across Georgiana, Alabama
In Georgiana, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. For homeowners, this means that the higher the assessed value of their property, the higher their property tax bill will be. In Butler County, where Georgiana is located, the median home price is $68,200. Property tax bills in this area can vary significantly, with the 25th percentile tax bill being $131 and the 75th percentile reaching $356. The 90th percentile tax bill can go up to $526. These property taxes are essential for funding local services such as public schools, infrastructure, and emergency services. Homeowners in Georgiana should be aware that their property tax bill is influenced not only by the assessed value of their home but also by the local tax rate. Compared to the national median property tax rate of 0.99%, Georgiana's property tax bills are relatively modest, making it an attractive location for homeowners looking for lower property tax obligations.
Average Georgiana Tax Bill
$226
Average Butler County Tax Bill
$283
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Georgiana, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36033 | $68 | $131 | $226 | $356 | $526 |
Source: Ownwell