Fulton, Alabama Property Taxes
The median property tax rate in Fulton, Alabama is 0.28%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Fulton at $49,000, the typical annual property tax bill is $174, far below the national median of $2,690. Property taxes in Fulton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fulton'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 Fulton 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
Fulton, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.28%
Estimate Property Tax Bill
$137
$127
Ownwell’s Fulton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fulton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fulton 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 Fulton, Alabama
Property taxes in Fulton, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fulton is 0.33%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Fulton set these rates annually, and they can vary across different neighborhoods. Each year, Fulton 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 Fulton's effective property tax rate to other counties in Alabama and the national median. For comparison, ZIP code 36545 has the highest median property tax rate of 0.41%, while ZIP code 36784 has the lowest median tax rate of 0.22%. Understanding how these cities compare with Fulton 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 Fulton Tax Rate
0.28%
Average Clarke County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36446 | 0.21% | 0.24% | 0.28% | 0.41% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Fulton, Alabama
In Fulton, 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 Fulton, 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 Fulton is $49,000, with tax bills ranging from $98 at the 25th percentile to $460 at the 90th percentile. The highest and lowest median tax bills are both $174 in the 36446 zip code. 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 Fulton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fulton Assessed Value
$49,000
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 Fulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36446 | $26,410 | $33,200 | $49,000 | $87,200 | $133,280 |
Source: Ownwell
Property Tax Bills Across Fulton, Alabama
In Fulton, Alabama, property tax bills are calculated based on the assessed value of a home, which is determined by the Clarke County tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the tax bill. Several factors influence the assessed value, including the property's location, size, and any improvements made. For instance, the median home price in Fulton is $49,000, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $98, while those in the 75th percentile face bills of approximately $311. The 90th percentile sees tax bills as high as $460. Compared to the national median property tax rate of 0.99%, Fulton's property tax rates can be relatively low, making it an attractive location for homeowners. However, these taxes still contribute significantly to local services and infrastructure, impacting the overall cost of homeownership.
Average Fulton Tax Bill
$174
Average Clarke County Tax Bill
$300
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Fulton, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36446 | $62 | $98 | $174 | $311 | $460 |
Source: Ownwell