Opelika, Alabama Property Taxes
The median property tax rate in Opelika, AL is 0.41%, considerably lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Opelika at $73,300, the typical annual property tax bill reaches $318, significantly below the national median of $2,690. Property taxes in Opelika 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 Opelika'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 Opelika 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
Opelika, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$301
$279
Ownwell’s Opelika Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Opelika with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Opelika 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 Opelika, Alabama
Property taxes in Opelika, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Opelika is 0.41%, lower than the U.S. national median of 0.99%. Local government entities within Opelika set these rates annually, and they can vary significantly across different neighborhoods. Each year, Opelika 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 Opelika's effective property tax rate to other areas in Chambers County and the national median. For comparison, the 36804 zip code has the highest median property tax rate of 0.84%, while the 36801 zip code has the lowest median tax rate of 0.41%. Understanding how these areas compare with Opelika 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 Opelika Tax Rate
0.41%
Average Chambers County Tax Rate
0.43%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Opelika, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36801 | 0.25% | 0.32% | 0.41% | 0.78% | 0.85% |
| 36804 | 0.21% | 0.27% | 0.84% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Opelika, Alabama
In Opelika, 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 local 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 Opelika, 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 Opelika is $73,300, with tax bills varying significantly. The 25th percentile tax bill is $159, while the 75th percentile reaches $762. Notably, the highest median tax bill is $320 in the 36801 zip code, whereas the lowest median tax bill is $318 in the 36804 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 Opelika Assessed Value
$73,300
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 Opelika, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36801 | $22,570 | $42,928 | $71,985 | $116,305 | $264,062 |
| 36804 | $45,068 | $109,490 | $192,500 | $327,990 | $835,710 |
Source: Ownwell
Property Tax Bills Across Opelika, Alabama
In Opelika, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, homes in Opelika have a median home price of $73,300. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location and any applicable exemptions. In Opelika, the tax bill can vary significantly, with the 25th percentile at $159 and the 75th percentile at $762. The 90th percentile sees tax bills as high as $1,194. Comparatively, the highest median tax bill in the area is $320 in the 36801 zip code, while the lowest is $318 in the 36804 zip code. These variations can affect homeowners' financial planning, making it crucial to understand how local property taxes are calculated and what factors might impact them.
Average Opelika Tax Bill
$318
Average Chambers County Tax Bill
$448
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Opelika, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36801 | $60 | $158 | $320 | $711 | $1,146 |
| 36804 | $129 | $296 | $318 | $3,444 | $8,775 |
Source: Ownwell