Range, Alabama Property Taxes
The median property tax rate in Range, Alabama is 0.29%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Range, the typical annual property tax bill amounts to $274, far below the national median of $2,690. Property taxes in Range are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Range'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 Range 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
Range, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$256
$238
Ownwell’s RANGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RANGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RANGE 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 Range, Alabama
Property taxes in RANGE, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in RANGE is 0.29%, which is significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within RANGE set these rates annually, and they can vary significantly across different neighborhoods. Each year, RANGE 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 RANGE'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 significantly higher than RANGE's rate, while the lowest median tax rate is also higher than RANGE's rate. Understanding how these cities compare with RANGE provides valuable insights into the varying tax landscape across Conecuh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Range Tax Rate
0.29%
Average Conecuh County Tax Rate
0.34%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Range, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36473 | 0.19% | 0.22% | 0.29% | 0.35% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Range, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in RANGE, Conecuh County, Alabama. 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 local 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 RANGE, 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. For instance, the highest median tax bill in RANGE is $274 in the 36473 zip code, while the lowest median tax bill is also $274 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Range Assessed Value
$88,400
Average Conecuh County Assessed Value
$80,780
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Range, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36473 | $42,700 | $54,830 | $88,400 | $163,410 | $237,220 |
Source: Ownwell
Property Tax Bills Across Range, Alabama
In RANGE, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The median home price in RANGE is $88,400. Local tax authorities determine the assessed value and apply the local tax rate to calculate the tax bill. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value. Homeowners in RANGE can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is $147, while the 75th percentile reaches $462, and the 90th percentile can be as high as $788. The highest median tax bill in the area is $274, found in the zip code 36473. Compared to the national median property tax rate of 0.99%, RANGE offers relatively affordable property taxes, which can be a financial relief for homeowners. However, understanding how these taxes are calculated and what factors influence them is crucial for effective financial planning and property management.
Average Range Tax Bill
$274
Average Conecuh County Tax Bill
$297
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Range, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36473 | $102 | $147 | $274 | $462 | $788 |
Source: Ownwell