Wing, Alabama Property Taxes
The median property tax rate in WING, AL is 0.25%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $119,980, the typical annual property tax bill in WING is $294, well below the national median of $2,690. Property taxes in WING are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding WING'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 WING or another part of Covington County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wing, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$300
Ownwell’s WING Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WING with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WING 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 Wing, Alabama
Property taxes in WING, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in WING is 0.25%, significantly lower than both the Alabama state median of 0.33% and the U.S. national median of 0.99%. Local government entities within WING set these rates annually, and they can vary significantly across different neighborhoods. Each year, WING 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 WING's effective property tax rate to other counties in Alabama and the national median. For comparison, the highest median property tax rate in the state is 0.66% in some areas, while the lowest median tax rate is 0.19%. Understanding how these cities compare with WING 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 Wing 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 Wing, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36483 | 0.14% | 0.21% | 0.25% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Wing, Alabama
In WING, 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 WING, 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 WING helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in WING is $119,980, with tax bills ranging from $210 at the 25th percentile to $679 at the 90th percentile. The zip code 36483 has the highest median tax bill, amounting to $294.00.
Average Wing Assessed Value
$119,980
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 Wing, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36483 | $41,976 | $73,930 | $119,980 | $206,490 | $343,560 |
Source: Ownwell
Property Tax Bills Across Wing, Alabama
In Wing, located in Covington County, Alabama, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Wing is $119,980, and property taxes are applied to this assessed value. Factors such as property location, improvements, and exemptions play a significant role in determining the final tax bill. For homeowners in Wing, property tax bills can vary widely. The 25th percentile tax bill is around $210, while the 75th percentile tax bill reaches $526. At the higher end, the 90th percentile tax bill is approximately $679. These figures reflect the range of property values and the corresponding tax rates within the area. Compared to the national median property tax rate of 0.99%, Wing’s property tax rates offer a relatively affordable option for homeowners. Understanding these factors can help residents anticipate their property tax obligations and plan accordingly.
Average Wing Tax Bill
$294
Average Covington County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Wing, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36483 | $130 | $210 | $294 | $526 | $679 |
Source: Ownwell