Samson, Alabama Property Taxes
The median property tax rate in Samson, AL is 0.25%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Samson, the typical annual property tax bill is $147, well below the national median of $2,690. Property taxes in Samson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Samson's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Samson 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
Samson, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$150
$139
Ownwell’s Samson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Samson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Samson 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 Samson, Alabama
Property taxes in Samson, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Samson is 0.25%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Samson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Samson 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 Samson's effective property tax rate to other counties in Alabama and the national median. Understanding how these cities compare with Samson provides valuable insights into the varying tax landscape across Covington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Samson Tax Rate
0.25%
Average Covington County Tax Rate
0.34%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Samson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36477 | 0.21% | 0.23% | 0.25% | 0.28% | 0.29% |
Source: Ownwell
Property Tax Assessment Values Across Samson, Alabama
In Samson, 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 Covington 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 Samson, 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 Samson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 36477, both having a median tax bill of $147.
Average Samson Assessed Value
$60,130
Average Covington County Assessed Value
$114,020
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Samson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36477 | $53,754 | $56,145 | $60,130 | $64,115 | $66,506 |
Source: Ownwell
Property Tax Bills Across Samson, Alabama
In Samson, located in Covington County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Samson face a median property tax rate that is relatively low compared to the national median property tax rate of 0.99%. For instance, the median home price in Samson is $60,130, resulting in a tax bill that typically ranges from $142 to $155. Factors that influence the tax bill include the property's location, size, and any improvements made. These elements contribute to the assessed value, which in turn determines the tax amount. Homeowners with properties in the zip code 36477 experience a median tax bill of $147, aligning with the city's overall trend. The relatively low property tax burden in Samson can be a financial relief for homeowners, making it an attractive place to own property.
Average Samson Tax Bill
$147
Average Covington County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Samson, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36477 | $140 | $142 | $147 | $152 | $155 |
Source: Ownwell