Lower Peach Tree, Clarke County, Alabama Property Taxes
The median property tax rate in Lower Peach Tree, AL is 0.32%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Lower Peach Tree at $74,550, the typical annual property tax bill amounts to $218, well below the national median of $2,690. Property taxes in Lower Peach Tree 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 Lower Peach Tree'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 Lower Peach Tree or another part of Clarke County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lower Peach Tree, Clarke County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$239
$221
Ownwell’s LOWER PEACH TREE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LOWER PEACH TREE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LOWER PEACH TREE 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 Lower Peach Tree, Clarke County, Alabama
Property taxes in LOWER PEACH TREE, Alabama, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LOWER PEACH TREE is 0.32%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within LOWER PEACH TREE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LOWER PEACH TREE 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 LOWER PEACH TREE'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 0.66%, while the lowest median tax rate is 0.22%. Understanding how these cities compare with LOWER PEACH TREE 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 Lower Peach Tree Tax Rate
0.32%
Average Clarke County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lower Peach Tree, Clarke County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36751 | 0.11% | 0.25% | 0.32% | 0.62% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Lower Peach Tree, Clarke County, Alabama
In LOWER PEACH TREE, 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 LOWER PEACH TREE, 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 LOWER PEACH TREE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $218 in zip code 36751, which is also the lowest median tax bill, highlighting the uniformity in property tax assessments in this region.
Property Tax Assessment Values Across Lower Peach Tree, Clarke County, Alabama
Source: Ownwell
$49,000
$70,825
$92,650
Average Lower Peach Tree Assessed Value
$74,550
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 Lower Peach Tree, Clarke County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36751 | $18,980 | $35,175 | $74,550 | $144,125 | $216,250 |
Source: Ownwell
Property Tax Bills Across Lower Peach Tree, Clarke County, Alabama
In LOWER PEACH TREE, located in Clarke County, AL, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in this area is $74,550. Property taxes are determined by applying the local tax rate to the assessed value. The tax rate in Clarke County is relatively low compared to the national median property tax rate of 0.99%. Several factors are considered when determining the tax bill, including the property's assessed value and any applicable exemptions or deductions. Homeowners in LOWER PEACH TREE can expect tax bills ranging from the 25th percentile at $122 to the 90th percentile at $662, with the highest median tax bill being $218 in the 36751 zip code. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Lower property tax rates can make homeownership more affordable, but they also mean that local governments may have less revenue for public services.
Average Lower Peach Tree Tax Bill
$218
Average Clarke County Tax Bill
$300
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Lower Peach Tree, Clarke County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36751 | $26 | $122 | $218 | $387 | $662 |
Source: Ownwell