Enterprise, Alabama Property Taxes
The median property tax rate in Enterprise, AL is 0.43%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $151,015 in Enterprise, the typical annual property tax bill amounts to $660, which is well below the national median of $2,690. Property taxes in Enterprise 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 Enterprise'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 Enterprise 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
Enterprise, 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 Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enterprise 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 Enterprise, Alabama
Property taxes in Enterprise, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enterprise is 0.43%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Enterprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enterprise 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. Understanding how these cities compare with Enterprise provides valuable insights into the varying tax landscape across Coffee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enterprise Tax Rate
0.43%
Average Coffee County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enterprise, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36330 | N/A | N/A | N/A | N/A | N/A |
| 36331 | 0.10% | 0.24% | 0.33% | 0.33% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Enterprise, Alabama
In Enterprise, 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 Coffee 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 Enterprise, 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 Enterprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 36331 has both the highest and lowest median tax bill at $704. Understanding these figures can aid homeowners in evaluating their tax positions more accurately.
Average Enterprise Assessed Value
$151,015
Average Coffee County Assessed Value
$139,450
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enterprise, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36330 | N/A | N/A | N/A | N/A | N/A |
| 36331 | $168,570 | $221,562 | $292,100 | $306,132 | $317,760 |
Source: Ownwell
Property Tax Bills Across Enterprise, Alabama
In Enterprise, located in Coffee County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The state's property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market trends influence the assessed value. For a median home price of $151,015, homeowners can expect varying tax bills depending on their property's specifics. The tax bill for homes in the 25th percentile is around $362, while those in the 75th percentile face bills closer to $1,015. For the top 10% of homes, tax bills can reach up to $1,398. These figures are notably lower than the national median property tax rate of 0.99%, making Enterprise an attractive location for homeowners seeking lower property taxes. This variation in tax bills can significantly impact homeowners' annual expenses, influencing their overall cost of living and financial planning.
Average Enterprise Tax Bill
$660
Average Coffee County Tax Bill
$551
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Enterprise, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36330 | N/A | N/A | N/A | N/A | N/A |
| 36331 | $207 | $423 | $704 | $1,014 | $1,219 |
Source: Ownwell