Dickinson, Alabama Property Taxes
The median property tax rate in Dickinson, Alabama is 0.31%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Dickinson at $73,550, the typical annual property tax bill comes to $224, far below the national median of $2,690. Property taxes in Dickinson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dickinson'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 Dickinson 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
Dickinson, 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 Dickinson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dickinson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dickinson 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 Dickinson, Alabama
Property taxes in Dickinson, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickinson is 0.31%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Dickinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickinson 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 Dickinson'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 Clarke County at 0.31%, while other areas may have varying rates. Understanding how these cities compare with Dickinson provides valuable insights into the varying tax landscape across Clarke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dickinson Tax Rate
0.31%
Average Clarke County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickinson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36436 | 0.18% | 0.25% | 0.31% | 0.42% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Dickinson, Alabama
In Dickinson, 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 Clarke 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 Dickinson, 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. The median home price in Dickinson is $73,550, with tax bills ranging from $126 at the 25th percentile to $589 at the 90th percentile. The highest and lowest median tax bills are both $224 in the 36436 zip code. Being aware of these valuation processes in Dickinson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dickinson Assessed Value
$73,550
Average Clarke County Assessed Value
$83,100
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dickinson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36436 | $27,640 | $45,825 | $73,550 | $122,100 | $160,440 |
Source: Ownwell
Property Tax Bills Across Dickinson, Alabama
In Dickinson, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Dickinson is $73,550, and the property tax rate is applied to this assessed value to determine the tax bill. Various factors influence the assessed value, including the property's location, size, and condition. Tax bills can vary significantly; for instance, the 25th percentile tax bill is $126, while the 75th percentile reaches $425, and the 90th percentile can be as high as $589. Understanding these factors is crucial for homeowners as property taxes directly impact annual expenses. With a national median property tax rate of 0.99%, Dickinson's tax bills might appear lower in comparison, offering a financial advantage for residents. However, it’s essential for homeowners to stay informed about their property assessments and any potential changes in tax rates to manage their finances effectively.
Average Dickinson Tax Bill
$224
Average Clarke County Tax Bill
$300
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickinson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36436 | $52 | $126 | $224 | $425 | $589 |
Source: Ownwell