Ozark, Alabama Property Taxes
The median property tax rate in Ozark, AL is 0.47%, which aligns with the Alabama state median but is notably lower than the national median of 0.99%. With a median home value of $108,830 in Ozark, the typical annual property tax bill amounts to $563, significantly under the national median of $2,690. Property taxes in Ozark are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ozark'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 Ozark or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ozark, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$512
$475
Ownwell’s Ozark Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ozark with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ozark 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 Ozark, Alabama
Property taxes in Ozark, Alabama, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ozark is 0.47%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Ozark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ozark 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 Ozark's effective property tax rate to other counties in Alabama and the national median. For comparison, the 36350 zip code has the highest median property tax rate of 0.78%, while the 36360 zip code has the lowest median tax rate of 0.47%. Understanding how these cities compare with Ozark 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 Ozark Tax Rate
0.47%
Average Dale County Tax Rate
0.42%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ozark, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36350 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
| 36353 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
| 36360 | 0.28% | 0.40% | 0.47% | 0.71% | 1.01% |
| 36361 | 0.27% | 0.27% | 0.27% | 0.27% | 0.27% |
| 36374 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Ozark, Alabama
In Ozark, 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 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 Ozark 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 Ozark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ozark, zip code 36360 has the highest median tax bill at $564, while zip code 36350 has the lowest at $137.
Average Ozark Assessed Value
$108,830
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 Ozark, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36350 | $17,600 | $17,600 | $17,600 | $17,600 | $17,600 |
| 36353 | $82,700 | $82,700 | $82,700 | $82,700 | $82,700 |
| 36360 | $41,212 | $73,675 | $108,910 | $164,060 | $246,658 |
| 36361 | $77,860 | $77,860 | $77,860 | $77,860 | $77,860 |
| 36374 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Ozark, Alabama
In Ozark, property tax bills are calculated based on the assessed value of a home, which is determined by the Dale County property assessor. This assessed value is a percentage of the market value of the property. The tax rate, or millage rate, is then applied to the assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Ozark, the median home price is $108,830. With a median property tax rate of approximately 0.99% nationally, local tax bills can vary significantly. For instance, the 25th percentile tax bill is $358, while the 75th percentile reaches $819, and the 90th percentile goes up to $1,150. The highest median tax bill in the area is $564 in the 36360 zip code, whereas the lowest is $137 in the 36350 zip code. These variations can impact homeowners' financial planning and the overall affordability of homeownership in the region.
Average Ozark Tax Bill
$563
Average Dale County Tax Bill
$497
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Ozark, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36350 | $137 | $137 | $137 | $137 | $137 |
| 36353 | $534 | $534 | $534 | $534 | $534 |
| 36360 | $213 | $359 | $564 | $820 | $1,150 |
| 36361 | $213 | $213 | $213 | $213 | $213 |
| 36374 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell