Bremen, Alabama Property Taxes
The median property tax rate in Bremen, AL is 0.24%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Bremen at $184,300, the typical annual property tax bill amounts to $476, which is well below the national median of $2,690. Property taxes in Bremen 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 Bremen'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 Bremen or another part of Cullman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bremen, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.24%
Estimate Property Tax Bill
$442
$410
Ownwell’s Bremen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bremen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bremen 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 Bremen, Alabama
Property taxes in Bremen, Alabama, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Bremen is 0.24%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Bremen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bremen 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 Bremen's effective property tax rate compares with other counties in Alabama and the national median provides valuable insights into the varying tax landscape across Cullman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bremen Tax Rate
0.24%
Average Cullman County Tax Rate
0.25%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35033 | 0.14% | 0.19% | 0.24% | 0.26% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Bremen, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bremen, 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 Cullman 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 Bremen, 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. The median home price in Bremen is $184,300, with annual property tax bills ranging from $227 at the 25th percentile to $2,084 at the 90th percentile. The zip code with the highest and lowest median tax bill is 35033, with a median tax bill of $476. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bremen Assessed Value
$184,300
Average Cullman County Assessed Value
$169,500
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bremen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35033 | $48,080 | $94,400 | $184,300 | $357,600 | $675,960 |
Source: Ownwell
Property Tax Bills Across Bremen, Alabama
In Bremen, located in Cullman County, AL, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Bremen is $184,300. To determine the tax bill, local tax rates are applied to this assessed value. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. For homeowners, this means that their annual property tax bill can vary significantly. In Bremen, the tax bill at the 25th percentile is $227, while at the 75th percentile, it rises to $1003. At the 90th percentile, it can reach as high as $2084. This range demonstrates how different factors, such as property improvements or changes in market value, can impact the overall tax burden. Comparing these figures to the national median property tax rate of 0.99%, Bremen's property tax rates are relatively moderate, providing some relief to homeowners in the region.
Average Bremen Tax Bill
$476
Average Cullman County Tax Bill
$503
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremen, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 35033 | $99 | $227 | $476 | $1,003 | $2,084 |
Source: Ownwell