Tyler, Alabama Property Taxes
The median property tax rate in Tyler, AL is 0.30%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Tyler, the typical annual property tax bill is $340, well below the national median of $2,690. Property taxes in Tyler are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tyler'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 Tyler 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
Tyler, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.3%
Estimate Property Tax Bill
$347
Ownwell’s Tyler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tyler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tyler 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 Tyler, Alabama
Property taxes in Tyler, Alabama, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tyler is 0.38%, significantly lower than both the Alabama state median of 0.41% and the U.S. national median of 0.99%. Local government entities within Tyler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tyler 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 Tyler'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 35203 with a rate of 0.66%, while the lowest median tax rate is in 36592 at 0.21%. Understanding how these cities compare with Tyler provides valuable insights into the varying tax landscape across 01047, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tyler Tax Rate
0.30%
Average Dallas County Tax Rate
0.53%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tyler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36785 | 0.18% | 0.25% | 0.30% | 0.48% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Tyler, Alabama
In Tyler, 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 Dallas 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 Tyler, 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 Tyler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tyler are both found in the 36785 zip code, each amounting to $340.
Average Tyler Assessed Value
$115,600
Average Dallas County Assessed Value
$65,800
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tyler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36785 | $26,320 | $67,900 | $115,600 | $173,300 | $232,220 |
Source: Ownwell
Property Tax Bills Across Tyler, Alabama
In Tyler, Dallas County, AL, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value determined by the county tax assessor. Various factors such as home size, location, and property condition influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Tyler, the median home price stands at $115,600. Depending on individual circumstances, tax bills can vary significantly. For example, the tax bill at the 25th percentile is $228, while at the 75th percentile, it rises to $639. Those in the 90th percentile can expect to pay around $918. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand their local tax obligations. High property taxes can impact household budgets, while lower taxes might offer financial relief, making the understanding of these calculations essential for effective financial planning.
Average Tyler Tax Bill
$340
Average Dallas County Tax Bill
$361
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Tyler, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36785 | $87 | $228 | $340 | $639 | $918 |
Source: Ownwell