Greenville, Alabama Property Taxes
The median property tax rate in Greenville, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $88,300 in Greenville, the typical annual property tax bill amounts to $325, which is considerably less than the national median of $2,690. Property taxes in Greenville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greenville'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 Greenville 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
Greenville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$309
$287
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, Alabama
Property taxes in Greenville, Alabama, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 0.35%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in Alabama is found in some regions with rates significantly above Greenville's 0.35%, while other areas have rates that are even lower. Understanding how these cities compare with Greenville 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 Greenville Tax Rate
0.35%
Average Butler County Tax Rate
0.30%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36037 | 0.21% | 0.27% | 0.35% | 0.43% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, Alabama
In Greenville, 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 Greenville, 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 Greenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $325.00, found in the 36037 zip code.
Average Greenville Assessed Value
$88,300
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 Greenville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36037 | $28,900 | $51,300 | $88,300 | $153,900 | $232,600 |
Source: Ownwell
Property Tax Bills Across Greenville, Alabama
In Greenville, Butler County, AL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Greenville, the median home price is $88,300. Property tax bills here can vary significantly, with the 25th percentile at $171 and the 75th percentile at $576. At the 90th percentile, tax bills can reach up to $891. These figures illustrate the range of tax burdens homeowners might face, depending on their property's assessed value and specific circumstances. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and home values can impact the overall tax bill. Homeowners in Greenville should be aware of these factors to better manage their financial planning and understand their property tax obligations.
Average Greenville Tax Bill
$325
Average Butler County Tax Bill
$283
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36037 | $91 | $171 | $325 | $576 | $891 |
Source: Ownwell