Thomasville, Alabama Property Taxes
The median property tax rate in Thomasville, AL is 0.35%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $88,850 in Thomasville, the typical annual property tax bill is $334, which is well below the national median of $2,690. Property taxes in Thomasville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Thomasville'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 Thomasville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thomasville, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$311
$289
Ownwell’s Thomasville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thomasville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thomasville 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 Thomasville, Alabama
Property taxes in Thomasville, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thomasville is 0.35%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Thomasville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thomasville 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 Thomasville's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Thomasville 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 Thomasville Tax Rate
0.35%
Average Clarke County Tax Rate
0.33%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thomasville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36784 | 0.23% | 0.29% | 0.35% | 0.66% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Thomasville, Alabama
In Thomasville, 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 Thomasville, 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 Thomasville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Thomasville is $334 in zip code 36784, while the lowest median tax bill is also $334 in the same zip code.
Average Thomasville Assessed Value
$88,850
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 Thomasville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36784 | $20,140 | $44,200 | $88,850 | $148,100 | $208,690 |
Source: Ownwell
Property Tax Bills Across Thomasville, Alabama
In Thomasville, located in Clarke County, AL, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the county assessor. For homeowners in Thomasville, the median home price is $88,850. Property tax rates are applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. For example, the 25th percentile of tax bills in Thomasville is $159, while the 75th percentile reaches $550, and the 90th percentile is $812. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Thomasville's property tax bills can be considered relatively moderate, providing some financial relief to homeowners. Understanding these factors can help residents better anticipate their annual property tax expenses and plan their finances accordingly.
Average Thomasville Tax Bill
$334
Average Clarke County Tax Bill
$300
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Thomasville, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36784 | $61 | $159 | $334 | $550 | $812 |
Source: Ownwell