Auburn, Alabama Property Taxes
The median property tax rate in Auburn, AL is 0.38%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $137,710 in Auburn, the typical annual property tax bill is $685, well below the national median of $2,690. Property taxes in Auburn are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Auburn's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Auburn 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
Auburn, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$523
$486
Ownwell’s Auburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Auburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auburn 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 Auburn, Alabama
Property taxes in Auburn, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auburn is 0.32%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within Auburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auburn 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 Auburn'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 35203 with a rate of 0.66%, while the lowest median tax rate is in 35242 with a rate of 0.33%. Understanding how these cities compare with Auburn provides valuable insights into the varying tax landscape across Chambers County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auburn Tax Rate
0.38%
Average Chambers County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | 0.22% | 0.30% | 0.38% | 0.45% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Auburn, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Auburn, Alabama. The market value represents 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 Chambers 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 Auburn, 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. Auburn's median home price is $137,710, with tax bills ranging from $309 at the 25th percentile to $1,636 at the 90th percentile. The highest and lowest median tax bills are both $685, found in the 36879 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Auburn Assessed Value
$137,710
Average Chambers County Assessed Value
$84,510
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | $44,873 | $66,165 | $137,710 | $291,412 | $514,268 |
Source: Ownwell
Property Tax Bills Across Auburn, Alabama
In Auburn, property tax bills are determined by the assessed value of a homeowner’s property, which is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Auburn, located in Chambers County, experience a range of tax bills. For instance, the 25th percentile tax bill is $309, while the 75th percentile reaches $1,155. At the 90th percentile, the tax bill can climb to $1,636. The median property tax bill in the highest and lowest zip codes is $685, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential public services like education, infrastructure, and emergency services, directly impacting the quality of life in Auburn. Lower tax bills can make homeownership more affordable, but it’s crucial to understand how these taxes are calculated to budget effectively.
Average Auburn Tax Bill
$685
Average Chambers County Tax Bill
$448
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Auburn, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | $171 | $309 | $685 | $1,155 | $1,636 |
Source: Ownwell