Enterprise, Alabama Property Taxes
The median property tax rate in Enterprise, AL is 0.34%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Enterprise being $181,340, the typical annual property tax bill amounts to $658, well below the national median of $2,690. Property taxes in Enterprise are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Enterprise'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 Enterprise or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Enterprise, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$617
$572
Ownwell’s Enterprise Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Enterprise using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Enterprise to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Dale County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Enterprise, Alabama
Property taxes in Enterprise, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enterprise is 0.34%, significantly lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Enterprise set these rates annually, and they can vary across different neighborhoods. Each year, Enterprise 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 Enterprise's effective property tax rate to other counties in Alabama and the national median. For comparison, the zip code 36322 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Enterprise provides valuable insights into the varying tax landscape across Dale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enterprise Tax Rate
0.34%
Average Dale County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enterprise, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36322 | 0.25% | 0.43% | 0.74% | 0.78% | 0.80% |
| 36330 | 0.29% | 0.30% | 0.34% | 0.46% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Enterprise, Alabama
In Enterprise, 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 Dale 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. Assessment notices in Enterprise 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 Enterprise is $659 in zip code 36330, while the lowest median tax bill is $228 in zip code 36322. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Enterprise Assessed Value
$181,340
Average Dale County Assessed Value
$110,690
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enterprise, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36322 | $41,776 | $62,590 | $97,280 | $130,440 | $150,336 |
| 36330 | $86,964 | $134,260 | $181,480 | $243,615 | $295,440 |
Source: Ownwell
Property Tax Bills Across Enterprise, Alabama
In Enterprise, located within Dale County, AL, 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 Enterprise is $181,340. Homeowners in this area can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $452, while the 75th percentile tax bill rises to $970. At the 90th percentile, homeowners may see bills as high as $1,266. Factors influencing these amounts include the specific assessed value of the property and any applicable exemptions or reductions. The highest median tax bill in the region is $659, found in zip code 36330, while the lowest median tax bill is $228 in zip code 36322. These tax rates impact homeowners by contributing to the overall cost of owning a property, influencing both affordability and long-term financial planning. Comparatively, Enterprise's property tax rates are lower than the national median property tax rate of 0.99%.
Average Enterprise Tax Bill
$658
Average Dale County Tax Bill
$497
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Enterprise, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36322 | $213 | $218 | $228 | $474 | $622 |
| 36330 | $308 | $453 | $659 | $973 | $1,266 |
Source: Ownwell