Lapine, Alabama Property Taxes
The median property tax rate in LaPine, Alabama is 0.33%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in LaPine at $90,270, the typical annual property tax bill is $322, well below the national median of $2,690. Property taxes in LaPine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LaPine'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 LaPine 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
Lapine, 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 LaPine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LaPine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LaPine 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 Lapine, Alabama
Property taxes in LaPine, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LaPine is 0.33%, significantly lower than both the Alabama state median of 0.40% and the U.S. national median of 0.99%. Local government entities within LaPine set these rates annually, and they can vary significantly across different neighborhoods. Each year, LaPine 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 LaPine'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 found in Shelby County at 0.44%, while the lowest median tax rate is in Crenshaw County at 0.33%. Understanding how these cities compare with LaPine provides valuable insights into the varying tax landscape across Crenshaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lapine Tax Rate
0.33%
Average Crenshaw County Tax Rate
0.35%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lapine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36046 | 0.19% | 0.28% | 0.33% | 0.38% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Lapine, Alabama
In LaPine, 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 Crenshaw 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 LaPine, 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 LaPine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $322 in zip code 36046, while the lowest median tax bill is also $322 in the same zip code.
Average Lapine Assessed Value
$90,270
Average Crenshaw County Assessed Value
$88,920
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lapine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36046 | $28,106 | $48,825 | $90,270 | $166,550 | $257,964 |
Source: Ownwell
Property Tax Bills Across Lapine, Alabama
In LaPine, Crenshaw County, AL, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $90,270, the property tax bill can vary significantly depending on where it falls within the assessed value spectrum. Homeowners in LaPine can expect their property tax bills to range from around $174 at the 25th percentile to $954 at the 90th percentile. These amounts are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Crenshaw County’s rates provide a more affordable option for homeowners. Understanding these factors can help homeowners anticipate their tax liabilities and better manage their financial planning.
Average Lapine Tax Bill
$322
Average Crenshaw County Tax Bill
$341
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Lapine, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36046 | $72 | $174 | $322 | $595 | $954 |
Source: Ownwell